New tax slab applicable

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2014 Hi

Can anybody plz let me know from when this tax slabs are applicable ?

From 1st April,2014
From 1st August,2014
From 1st April,2015

Also, what abt that Rs 2,000/- tax credit for taxable income below Rs 5 lacs ?

Is 80 C limit extension to Rs 1.5 lacs also applicable from the same date as tax slabs ?

Thanks in advance !

CA Parul Saxena online

CA Parul Saxena online

(Expert)
Follow

16 July 2014 From 1st april 2014 these rates are applicable and yes rebate of Rs.2000 is still available.

Message likes : 1 times

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

16 July 2014 Slab Rates and enhancement in 80C limit are applicable for PY 2014-15 relating to AY 2015-16. Rebate u/s 87A continues since it has not been specifically withdrawn.

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!