Change in income tax slab, Income Tax

[SURYAKANT MITHBAVKAR]

Govt. anoounced recently change in Income tax Slab. whether the same has been applicable from 2010-11 or 2011-12.

Posts / Replies

[GOPALJI AGRAWAL]

Income tax rates are prescribed by the first schedule to the Finance Act. The rates specified in Finance Act 2010 would be applicable from the FY 2010-11 i.e. assessment year 2011-12.

[rishi mohan]

Income tax slab rates specified and announced recently in The Finance Act, 2010 by the government are applicable for the previous year 2010-11 and assessment year 2011-12.