Income Tax Slab Rates 2010-11

As the countdown to the Budget 2009 begins, industry and business houses across the sectors have built high hopes on the more stable ‘new’ Government for bold steps in the Finance Minister’s speech, including a revisiting of the sectoral policies and fiscal reforms.
India’s Finance Minister Pranab Mukherjee may increase spending on power, roads and [...]

In what can hold out hopes for lakhs of home owners, the urban development ministry is pushing a proposal to double the income tax relief on home loan interest payout to Rs 3 lakh, triple the exemption on payment of the principal amount and reduced interest rates for houses up to Rs 30 lakh.
Urban [...]

With barely two months remaining for the current fiscal to end, the direct tax collection is more than Rs 1,00,000 crore short of budget estimate but the government is hopeful of meeting the target despite economic slowdown affecting personal and corporate income.
India’s April-January direct tax receipts were up by a slower-than-expected 12.5 percent on-year, [...]