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Income Tax Slab

Union Budget 2010: New Income Tax Rates for A.Y. 2011-12

The new income tax rates or Income tax slab applicable for F.Y. 2010-11, A.Y. 2011-12 as announced in Budget 2010 . This is very good news for taxpayer to raise the limit of 10% bracket upto 5 Lakh. Most of the people are confused about income tax rates because a lots of amendments have done like direct tax code (DTC Income Tax Rates). So first find for which year you want to file a return .....

New Tax Code : 10% Tax upto Rs. 10 Lakh Income

A major relief to tax payer when the government on Wednesday introduced a new direct tax code that seeks to simplify the tax regime in India replacing the Income Tax Act 1961. According to new tax code / new direct tax code 10% tax up to Rs. 10 Lakh Income. See new income tax slab under new direct tax code The government proposed major tax reforms through a draft code that aims at moderating income .....

New Income Tax Slab under New Direct Tax Code 2009

Income Tax slab

Finance Minister on Wednesday commenced essential tax reforms through a draft code that intends at toning down income tax rates. So I am giving New Income Tax slab under New Direct Tax code 2009. However, it is proposed right now, and if it gets approval it will be applicable to A.Y. 2011-2012. Updates: (The DTC direct tax code (DTC) will be applicable from 1-4-2011 as stated in Budget 2010. So please see Income tax slab .....

New Income Tax Slab F.Y.2009-10 | Union Budget 2009

This day (06-july-2009) income tax exemption limit subsequent union budget 2009 for individual tax payers was increased by Rs 10,000 for Male below 65 years, women and Rs 15,000 for senior citizens (i.e. 65 years and above) by the finance minister. The current income tax exemption limit is Rs 1.5 lakh (Rs 150,000) for men, Rs 1.8 lakh (Rs 180,000) for women and Rs 2.25 lakh (Rs 225,000) for senior citizens. See Income Tax Slab .....

Income Tax Exemption Limit Increased | Union Budget 2009 Taxation Highlights

Budget 2009 Income Tax Exemption IncreasedFinance Minister of india Pranab Mukherjee said to increase in income tax exemption limit for senior citizens by Rs.15,000, for women and others by Rs.10,000 each, The exemption limit will now beRs.240,000 for senior citizens,Rs.190,000 for women andRs.160,000 for others.Income tax exemption limit increased, corporate tax rate unchanged DIRECT TAXATION IT Return forms to be more user friendly Centralised tax processing centre at Bangalore Share of direct taxes gone up .....

Income Tax Calculator

I have made some calculators which you can use online without any download. With these you can calculate your income tax, advance tax payment, interest u/s 234A, 234B, 234C. More calculators are coming soon. so please subscribe your email and mobile for latest updates.1) Income Tax Calculator for A.Y. 2008-09, A.Y. 2009-102) Income Tax Calculator with interest u/s 234A, 234B, 234C A.Y.2008-09.3) Advance Tax Payment Calculator for A.Y. 2009-10. 4) NSC Accrued Interest and maturity .....

Income Tax Calculator with interest calculation u/s 234A, 234B., 234C

Income tax returns for individuals must be filed before July 31. That means, your income tax return for the income earned during April 2007 to March 2008 will have to be filed before the 31st of July 2008. But don’t worry if you have missed the last date. you are not liable to any penalty but only penal interest i.e. u/s 234A, 234B, 234C So I am giving a calculator for calculation of Interest u/s .....

Income Tax slab For The Assessment year 2009-10, tax india

Income Slab Tax Rate Up to Rs.1,50,000 (Male) / Up to Rs 1,80, 000 (Female) / Up to 2,25, 000 (for resident individual of 65 years or above) NIL Rs. 1,50,001 to Rs. 3,00, 000 (Male)/ Rs 1,80,001 to Rs 3,00, 000 (Female) 10% Rs. 3,00,001 to Rs. 5,00, 000 20% Rs. 5,00,001 and above 30% * * A surcharge of 10 per cent of the total tax liability is applicable where the total income .....