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Income Tax & Service Tax Re-structuring
by AAMEC CHEMINEER on Feb 02, 2010 01:45 PM

Current Income Tax structure has to re-structured as below.

Exemption limit for Individuals - 1.95 Lacs.

Exemption limit for Women - 2.25 Lacs

Exemption limit for Senior Citizens - 2.4 Lacs.

Service Tax has to re-structured in to two slabs covering mass services like telecom, banking at 8% and non-mass services at 10 %.


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