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New manner of furnishing of income tax return
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New tax rates: More money for the salaried

Salary earners with an annual income between Rs 3 lakh and Rs 8 lakh will have more money in their pockets with the new income tax rates coming into effect from April 1, 2010.

Annual earnings of salaried people in the range of Rs 3 lakh to Rs 8 lakh will now attract 10.3 per cent to 20.6 per cent income tax, against 20.60 to 30.90 per cent in the fiscal ended March 31, 2010. These rates are inclusive of 3 per cent education cess. Check out our Tax special.

Finance minister Pranab Mukherjee had announced the new income tax rates in his budget. While the Finance Bill 2010 is yet to approved by Parliament, the changes in the direct taxes will remain effective from April 1.

  • This is for Individuals and HUFs residing in India and NRIs with
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  • This is for Individuals and HUFs residing in India and NRIs with
    Income from Salary
    Interest Income
    Tax Saving Investments / Expenses
    Income from Single / Multiple House properties
    Capital Gains / Losses from Securities
    E-filing with Digital Signature
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