UNION BUDGET 2013 - 14: NEW INCOME TAX RATES.!

There is no change in Income Tax rates, slabs at all. No change in exemption limit . Only Income Tax rebate of Rs. 2, 000 has been allowed for Income tax slabs between Rs. 2 lakh to Rs. 5 lakh. So, any one's income is more than Rs. 5,00,000 and less than Rs.1 crore then …

Share:

Read More

Union Budget 2013 - 14: RATES OF INCOME-TAX..!

RATES OF INCOME-TAX  - Union Budget 2013 - 14 A. Normal Rates of tax: 1.  Where the total income does not exceed Rs. 2,00,000 Nil 2.  Where the total income exceeds Rs. 2,00,000 but does not exceed Rs. 5,00,000 10% of the amount by which the total income exceeds Rs.2,0…

Share:

Read More

UNION BUDGET 2013-14: HIGHLIGHTS..!

** Housing Loan deduction additional Rs. 1 lakh for loans up to Rs. 25 lakh for new houses after 01.04.2013 **Securities transaction(STT) tax reduced. ** Commodity transaction Tax (CTT) imposed. ** Rajiv Gandhi Equity Savings Scheme (RGESS)extended up to 3 year and limit ex…

Share:

Read More

Union Budget 2013-2014: TAX PROPOSALS - Indirect Taxes..!

􀂉􀂉 No change in the normal rates of 12 percent for excise duty and service tax. 􀂉􀂉 No change in the peak rate of basic customs duty of 10 perent for non-agricultural products. Customs Duty..! 􀂉􀂉 Period of concession available for specified part of electric and hybrid vehicle…

Share:

Read More