New income tax code

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KumarM
Member since: Jan 09

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Posted on: 12-08-09 11:23:03

http://business.rediff.com/report/2009/aug/12/new-direct-taxes-code-released.htm

"Where the total income does not exceed Rs 1,60,000, no income tax.

Where the total income exceeds Rs 1,60,000 and less than Rs 10,00,000, the tax is 10 per cent of the amount by which the total income exceeds Rs 1,60,000"

Looks interesting........

KM

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New income tax code

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