If you were celebrating the tax cuts for next year (FY 2012-13) in Budget 2012, there is some bad news! Infrastructure Bonds would not be eligible as Tax saving instrument under Section 80CCF from FY 2012-13. What was the benefit? Two years ago there was an additional deduction introduced to encourage investors to put money into […]
Infrastructure Bonds (Sec 80CCF) no more Tax Saving Instrument – FY 2012-13 Read More »
Income Tax is one thing which every salaried man on the street is interested in. The good news is the Income Tax slabs has been altered by the Finance Minister Pranab Mukarjee in Budget 2012 today. Now people would be able to save upto Rs. 22,600 in income tax depending on which tax slab they fall in.
In any Union Budget there are two things which concerns common man like us – The first being the Personal Income Tax Rates and the second “what has become cheaper and what’s expensive” post budget. I am sure if you had browsed through any of the Indian newspaper or followed any news channels in last
