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Income Tax Guide
Income Tax guide is an information resource on Income Tax in India. Get valuable information on Income Tax and related issues under a one stop information destination titled 'Income Tax Guide'. View answers to important information related to Income Tax matters. Right from the definition of Income Tax to the complex methods related to its computation. Also available is information related to the various Income Tax offices in India, Income Tax Rates, Income Tax important dates, Tax Exemption procedure, etc. which will all help in understanding the various aspects related to Income Tax in India.
Budget 2009 Modifications
According to Union Budget 2010-11, a few changes have been made in Income Tax structure. Here is a glimpse to new Income Tax calculation procedure :

Modifications
Income Tax Slab (in Rs.) Tax
0 to 1,60,000(M) / 1,90,00(W) / 2,40,000(S) No Tax
1,60,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%

The above modifications will be applicable for the year 2010-11.(March 2010 Onwards)

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