Hey. I'm giving my IPCC in Nov 2011...
I'm probably asking this very very late... but, need some clarifications...
In the study material, the tax slab rates are:
Individual = upto 160000 - Nil
exceeds 1,60,000 upto 5lacs = 10% etc etc
but, the latest slab rates are..
for men:
→ Up to 1,80,000 = NIL ,
→ 1,80,001 – 5,00,000 = 10%,
→ 5,00,001 – 8,00,000 = 20%,
→ 8,00,001 upwards = 30%,
Up to 1,90,000 (for resident women)= NIL
Up to 2,50,000 (for resident individual of 60 years or above)= 0,
Up to 5,00,000 (for very senior citizen of 80 years or above)= 0.
So, which should I follow for the Nov 2011 exam?
Thanks so much in advance.
CAclubindia
