New Direct Tax Code: Major relief for salaried class

The new provisions under the Direct Tax Code are as follows:

  • Tax for income between Rs. 2 lakh – Rs. 5 lakh: 10%
  • Tax for income between Rs. 5 lakh – Rs. 10 lakh: 20%
  • Tax for income over Rs. 10 lakh: 30%
Corporate tax has been kept at 30%.
The limit for exemptions for salaried people is Rs. 2 lakh, while that for senior citizens is Rs. 2.5 lakh.

The new Code comes into effect from April, 2011.

Source: http://www.ndtv.com/article/business/new-direct-tax-code-major-relief-for-salaried-class-47396

8 Responses to New Direct Tax Code: Major relief for salaried class

  1. That’s Too nice, when it comes in india hope it can make a Rocking place for youngster.. hope that come true.

  2. Schedule says:

    You you could change the page title New Direct Tax Code: Major relief for salaried class Free to share your thoughts to something more better for your subject you write. I loved the blog post withal.

  3. you are really a good webmaster. The site loading speed is incredible. It seems that you are doing any unique trick. Moreover, The contents are masterwork. you’ve done a magnificent job on this topic!

  4. Labels can come in a variety of shapes and styles. You can go for simple or even creative-looking labels. When you plan to create labels, define the image you want to portray as well as the style you want to be known for. Brainstorm with your employees or workmates. Be open to suggestions and recommendations. Also, you may want to hire the services of professionals to create one-of-a-kind labels for your products or items. Of course, you have to pay for these services, but it can be all worth it in the end. Another option for you is to get the services of online design and printing companies. These companies offer label printing at great prices. You can save a great deal, but still be assured of quality prints and timely delivery when it comes to online printing companies.

  5. Carie Calder says:

    I’m wondering if perhaps you knew exactly where I possibly could obtain the XML feed for this website.

  6. Hi There! our family loves your awesome blog thanx and please stick to it

  7. I have read so many content concerning the blogger lovers except this post is genuinely a
    fastidious article, keep it up.

  8. Hello there! This blog post could not be written any better!
    Going through this article reminds me of my previous roommate!
    He constantly kept talking about this. I’ll forward this information to him. Pretty sure he’s
    going to have a very good read. Thanks for sharing!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: