Tax fact

Shyam Lal Naik (Service) (6156 Points)

28 May 2010  

Budget 2010-11 happens to be the 151st Budget.

 

The first Indian Budget in its present form was presented in the Legislative Council on 18-02-1960.

 

Income Tax slabs were :

Upto Rs. 200/- nil

2% on income between Rs. 200/- to Rs. 500/-

4% on income above Rs. 500/-