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Business Tax Alert
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.
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This is for Individuals and HUFs residing in India and NRIs with
Income from Salary
Income from one House property
Income from Other Sources
Interest Income
Tax Saving Investments / Expenses
E-filing with Digital Signature
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
This is for Individuals, HUFs and NRIs those who want our Tax Professionals to calculate and file their Income Tax returns
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