Tax slab 2011

Budget 2011 - 2012 saw the tax slab for men has increased from 180,000 to 160,000 rupees. All taxpayers have a profit of 2,060 rupees. Women continue to tax slab same.As all expected today, the government increased the tax exemption limit.Government today increased the limit from 1.6 to 1.8 lakhs IT Lakhs.Presenting Union budget for the year 2011-12, the finance minister announced an increase in personal income slab of Rs 180,000 rupees for the elderly 160000.Also slab has been increased from Rs .2.4 lakhs in lakhs Rs.2.5. The slab of women has not changed since the previous Rs.1.9 lakhs. While the finance minister did not mention it in his budget speech was included in documents submitted to the financial statement.

The income tax slab for women employees is always the best part is the eligibility unchanged.The the elderly has been reduced to 60 from 65 and it will be welcomed by a large number of elderly and a new class of citizens the highest level has been introduced. The Minister of Finance maintains the common man waiting nearly an hour and a half before announcing his formulations of the direct tax proposals before Parliament. The Bengali babu was clear in his speech that the income tax slabs for the year 2011-12 will be a transitional step closer to the rate of DTP from the year 2012-13.The income tax slabs from 12 to 13 and not very different tax slabs ay 11 - 12.In the proposed new rates of income tax ranges slab have been revised upward, but the changes are not very important steps for citizens over 80 years.

For tax on the elderly has increased to 250,000 slab rupees and an additional class of seniors has been established and have been exempted at Rs 5 Lakhs. The age limit for the elderly has been reduced to 60 from 65. Newely class is created the old age of 80 years and above.done with your job of presenting the Union budget 2011 in the Lok Sabha. The budget seems to have succeeded in the fight against all forces, is carrying out cleaning populist, a much needed boost to the reform initiative aam-AADM or expectations on the tax front for now relief.Till persons was 60 years for all departments (remember to book train tickets, and senior bank deposits), except the Department of Income Tax.

Tax slab 2011