The following are the message towards Income Tax for individuals: 1. Rate of Income Tax is to be considered. For income upto 2,50,000.00 No TAX 2,50,000.00 to 7,50,000.00 10% 7,50,001.00 to 15,00,000.00 20% 15,00,001.00 and above 30% 2. Limit ot be enhanced from 1,60,000.00 to 2,50,000.00. 3. 80C deduction to be enhanced from 1,00,000.00 to 2,00,000.00. 4. Home loan interest to be raised from 1,50,000.00 to 2,00,000.00.
Re: Income Tax.
by ananth prasad on Feb 11, 2010 07:57 AM Permalink
hi,, i agree with u, i suggest tht whenver there is a crash in stock mrkt, when govt need funds only LIC nd UTI will help in funding., i suggest to increase 80c from 1lac to 2lac., this addition 1lac should be purly given to pure life policies like traditional polies
