No tax for income up to Rs 1.6 lakh: FM

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No tax for income up to Rs 1.6 lakh

No tax for income up to Rs 1.6 lakh: FM

INDIA , 26-February-2010 1:29:21 AM

Finance Minister Pranab Mukherjee has proposed nil tax for income up to Rs 1.6 lakh. 10 per cent tax for the income above Rs 1.6 lakh and up to Rs 5 lakh.

While for those having an income above Rs 5 lakh and up to Rs 8 lakh will have to pay 20 per cent and the income above Rs 8 lakh.

From : http://www.indianexpress.com

Posted By : DesiZip.com

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