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Now tax starts from 5 lac p.a.? (FOR INDIANS)

Discussion in 'Payment Processing' started by itismine, Feb 27, 2010.

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  1. bluestar_in

    bluestar_in Peon

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    #21
    This is old info friends, according to revised budget the taxable income is more than 2 lacs for males.
     
    bluestar_in, Feb 27, 2010 IP
  2. JoomlaDesigner

    JoomlaDesigner Active Member

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    #22
    This is not true at all mate. 1.6 lacs is the correct figure for males and for females it's 1.9 lacs. They have increased it to 10K.
     
    JoomlaDesigner, Feb 28, 2010 IP
  3. WebBuddy

    WebBuddy Well-Known Member

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    #23
    pls get your facts right. The income slabs have not been changed only the percent applicable on the slab has been.
    So, for males it is 10% only from 1.6 lacs to 5 lacs
     
    WebBuddy, Feb 28, 2010 IP
  4. Freelance_rkm

    Freelance_rkm Peon

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    #24
    For an income of 3 lacs per annum, you have to pay Rs.14000 per year as Income tax without any deduction considering that you are a male below 60 yrs.
     
    Freelance_rkm, Feb 28, 2010 IP
  5. zaaylo

    zaaylo Well-Known Member

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    #25
    itismine if you are sure about your question the DON is right with his answer.
     
    zaaylo, Feb 28, 2010 IP
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