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Income Tax

radha55's picture
Submitted by radha55 on March 1, 2010 - 12:18

How does new tax slab affect stock markets and investor sentiments

Mr Mukharjee provided a good break for middle class , another proof that income level has gone up substantially and having an income of 1.6 lakh /year is common. 

New tax slabs are 

1.6 Lakh income : no tax
1.6 to 5 lakh : 10%
5 to 8 lakh : 20%
and 30% above 8 lakh

should not have substantial impact , since a person making 14,000 per month was not investing in stocks any ways. But banks could see some jump in deposits.

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mahesh's picture
Submitted by mahesh on August 17, 2009 - 22:55

Will efile of taxes in India will benefit 3i Infotech owner of taxsmile ?

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radha55's picture
Submitted by radha55 on July 11, 2009 - 23:24

What is Tax for indiviudal on income of foreign (overseas) assignent ?

I am not an NRI but travel to overseas on short assignment , what could be my tax liablities on foreign earnings ?

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