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Month: July 2011

Income Tax Slab Rates for AY 2012-2013

Income Tax Slab Rates for AY 2012-2013

Personal Income Tax Rates for the Financial Year 2011-2012 and Assessment Year 2012-2013 The Government of India has increased the basic personal income tax exemption limit from Rs. 160,000 to Rs. 180,000 for the Financial Year 2011-2012 and Assessment Year 2012-2013. The new income tax rates or Income tax slabs are applicable for the incomes earned or generated from April 01, 2011 to March 31, 2012.   The Indian Government also reduced the age eligibility criteria for senior citizenship from…

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