general knowledge

India

December 7, 2006 7:56am CST

deffarence between now a days and olden days about income tax

2 responses

@raj_batra81 (164)

• India

7 Dec 06

major change in income tax is slab rate for individual.In olden days less income was chargable now minimum income chargeble for tax is rs. 100000,for normal individual rs. 135000 for womans & rs. 150000 for seniour citizens.

@raj_batra81 (164)

• India

7 Dec 06

Further no rebate u/s 88 & no standard deduction for salaried employees.there r lots of changes.just clear what u wanna 2 know.