Govt raises personal income tax slabs

MUMBAI Fri Feb 26, 2010 12:30pm IST

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. REUTERS/Vijay Mathur

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

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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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