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Income tax
by Venkat Subramanian on Feb 04, 2010 02:03 PM

With rising prices and cost of living it is unthinkable that one can survive in Rs 15,000 pm. So please raise the NIL slab to Rs 3 L as precursor to the introduction of the New DTC from FY 10-11.

Also please increase the non taxable conveyance allowance from Rs 800 (fixed some three decades ago) to Rs 6000 for Metros and Rs 4800 to non metros and Rs 3000 to Class C and below cities / towns.

Also please increase the 80 C deductions to Rs 3 L again as a precursor the new DTC

Thanks

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