Monday, July 06, 2009

Income tax exemption limit increased, corporate tax rate unchanged


Mon, Jul 6
New Delhi, July 6 (IANS) Finance Minister Pranab Mukherjee Monday proposed to increase the
income tax exemption limit for senior citizens by Rs.15,000, for women and others by Rs.10,000
each, while keeping the corporate tax rate unchanged.
The exemption limit will now be Rs.240,000 for senior citizens, Rs.190,000 for women and
Rs.160,000 for others.
Source:http://in.news.yahoo.com/43/20090706/836/tbs-income-tax-exemption-limit-increased.html

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