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Govt raises personal income tax slabs
Finance Minister Pranab Mukherjee smiles as he leaves his office to present the federal budget 2010/11 in New Delhi in this February 2010 file photo.
Credit: Reuters/Vijay Mathur
MUMBAI |
MUMBAI (Reuters) - Finance Minister Pranab Mukherjee in his budget speech on Friday raised personal income tax slabs. Details are as follows:
Up to 160,000 rupees: Nil
160,000 rupees to 500,000 rupees: 10 percent
500,000 rupees to 800,000 rupees: 20 percent
More than 800,000 rupees: 30 percent
For full coverage of India Budget 2010 click here
(Reporting by Nishant Kumar; editing by Prem Udayabhanu)
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