Saturday, March 5, 2011

Finance Act 2010

Finance Act 2010
*Minimum Exmption Limit
Indl&HUF-1.6lacs ResiWomen-1.9lacs ResiSeniorCtzn-2.4lacs
Upto 5Lac-10%
Upto 8Lac-20%
Above 8Lac-30%
*Surchrge:only for domestic company7.5%of TI & foreign company2.5% of TI if total income EXCEEDS 1crore
*Taxable LTCG 20%
*STCG on Securities subject to SST 15%
*Lottery Winning,Horse Races etc 30%
*Cost Inflation Index-711

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