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Meaning of 10% tax slab

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2011 Dear Sir,
Please give me the detailed explanation of
"10% minimum tax rate slab"
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
01 August 2011 It basically means that if your income is more than the minimum taxable limit(i.e. 160000). Then you have to pay a minimum tax on that income above 160000 @ 10%.

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