The Income tax Department has issued notification on 11.01.2010, for envisaging procedures for income tax deduction from salaries under Section 192 of the Income tax 1961 for the financial year 2009-10. It could be seen that there is no major deviation from the tax proposals announced by the Government ...

You must have just taken a long breath two months back after filing your IT Returns for the last financial year. Yet you got to be ready for tax planning this year as you might have already received a call

It's marginal and it's not exactly what the salaried class wanted keeping in mind the raise in their annual income thanks to 6CPC implementation. These are certain key features of budget 2009-10 relating to Personal Income Tax The Union Govt has marginally increased personal income tax exemption limit by Rs 15,000 from ...