New tax slab applicable

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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 !

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

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 Rebate u/s 87A continues since it has not been specifically withdrawn.




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