IT exemption limit enhanced, surcharge withdrawn

CA Dhiraj Ramchandani (CA, M. com) (10823 Points)

26 February 2010  

10% tax on income between Rs1.6 lacs to 5 lacs

 

 

20% tax on income between Rs5 lacs to 8 lacs

 

 

30% tax on income above Rs 8 lacs

 

 

Minimum Alternate tax hiked to 18%