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10% reduction is looked forward to
by Tipirneni Sridhar on Feb 19, 2007 03:20 PM   Permalink | Hide replies

The tax exemption limits can be set the same. However a reduction of 10% in the tax rate is looked forward to.

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  RE:10% reduction is looked forward to
by Rajesh S on Feb 19, 2007 03:31 PM   Permalink
I feel changing the tax slabs, while retaining the rates would be better. In my view, the following tax slabs, would be more in line with the current inflation levels.



0 - 2 Lacs - Nil

2 - 4 Lacs - 10%

4 - 5 Lacs - 20%

Above 5 Lacs - 30%



Senior Citizens



0- 4 Lacs - Nil

4 - 5 Lacs - 20%

Above 5 Lacs - 30%



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