!-! Desitarka.org !-! ``` new income tax slab for 2o1o - 11 :: informative ```

 

New Income Tax Slab for FY 2010-11

Income upto Rs.1.6 lakh	Nil
Income above Rs.1.6 lakh and upto Rs.5 lakh	10 per cent
Income above Rs.5 lakh and upto Rs.8 lakh	20 per cent
Income above Rs.8 lakh	30 per cent

Particulars	Taxable/Non-Taxable	Exemption/Rebate	Limit
Taxable Items:	-	-	-
Basic Pay	Fully Taxable	-	-
Dearness Pay	Fully Taxable	-	-
Grade Pay	Fully Taxable	-	-
Dearness Allowance	Fully Taxable	-	-
House Rent Allowance	Fully Taxable	-	-
City Compensate Allowance	Fully Taxable	-	-
Medical Allowance	Fully Taxable	-	-
Family Planning Allowance	Fully Taxable	-	-
Arrear Amount	Fully Taxable	-	-
Maturity Amount of NSC	Fully Taxable	-	-
Total amount withdrawn from NSS	Fully Taxable	-	-
Transport Allowance	Partially Taxable	Rebate	Maximum upto Rs.800 PM
Children Education Allowance	Partially Taxable	Rebate	Maximum upto Rs.100 PM
Deductions:
Less-Allowance U/S 10(13A) Actual Rent Paid	-	Exempt	Actual amount of HRA received or Expenditure on rent in excess of 1/10th of the salary or 50% of Salary, which ever is less Rent Paid
Interest on HBA U/S 24	-	Deduction	Maximum Rs.1,50,000
Reimbursement of Medical Exp. U/S 17(2)V	-	Deduction	Maximum Rs.15,000
U/S 80C	-	Deduction	Maximum Rs.1,00,000
Refund of loan taken for the construction of House	-	Deduction	Maximum Rs.1,00,000
C.P.F / G.P.F	-	Deduction	Maximum Rs.1,00,000
G.I.S	-	Deduction	Actual
LIC Premium	-	Deduction	Maximum Rs.1,00,000
Subscription of N.S.C. / P.P.F	-	Deduction	Maximum Rs.1,00,000
Interest Occurred on investment in N.S.C.	-	Deduction	Maximum Rs.15,000
C.T.D. / L.I.P. / ULIP (Mutual Fund)	-	Deduction	Maximum Rs.1,00,000
Unit Linked Plan	-	Deduction	Maximum Rs.1,00,000
Tuition Fee (Limited to 2 children) & (After XII th full time course)	-	Deduction	Maximum Rs.1,00,000
5 Years Fixed deposit & 5 years time deposit scheme	-	Deduction	Maximum Rs.1,00,000
U/S 80D CCC	-	Deduction	Maximum Rs.10,000
U/S 80CCD	-	Deduction	Maximum 10% of BP & DA (Recruited on or after 1.1.2004)
Medi Claim Premium U/S 80D	-	Deduction	Maximum Rs.15,000 (Other than above Rs.1,00,000)
Premium paid for Self, Spouse & Children	-	Deduction	Maximum Rs.15,000 (other than above Rs.1,00,000)
Premium paid for Parents (If parent is not senior citizen)	-	Deduction	Maximum Rs.20,000 (Other than above Rs.1,00,000)
Premium paid for Parents (If parent is senior citizen)	-	Deduction	Maximum Rs.20,000 (Other than above Rs.1,00,000)
U/S 80DD	-	Deduction	Handicapped dependents :spouse, son / daughter, parents and brother / sister - Deduction Rs.75,000 to Rs.1,00,000
U/S 80DDB	-	Deduction	Maximum Rs.400,00 (other than above Rs.1,00,000)
U/S 80E	-	Deduction	Entire amount (Interest on higher Education/Study loans)
U/S 80 G	-	Deduction	Deduction for contribution to charitable organization
U/S 80U	-	Deduction	Disability Deduction Rs.75,000 to Rs.1,00,000
	Tax Relief - Additional savings in Infrastructure Bonds : Rs.20,000
CGHS subscription will be exempted u/s 80D

JOIN OUR GROUP FOR MORE COOL MAILS

http://groups.yahoo.com/subscribe/DesiTarka

__._,_.___

Reply to sender | Reply to group | Reply via web post | Start a New Topic

Messages in this topic (1)

Recent Activity:

• New Members 450

Visit Your Group

Please forward this message to all Your Friends who will love it! If you like such messages and want to join these fun mail lists then send a blank email to:DesiTarka-subscribe@yahoogroups.com 

------------------------------
(!!~~!!~~Desi Tarka~~!!~~!!)
http://www.desitarka.org
http://www.desitarka.org
http://www.desitarka.org
http://www.desitarka.org
http://www.desitarka.org
http://www.desitarka.org
http://www.desitarka.org
http://www.desitarka.org
(!!~~!!~~Desi Tarka~~!!~~!!)
------------------------------
Join Us :- http://groups.yahoo.com/group/DesiTarka/join
----------------------------------------------------------


You can also join the group by clicking the below link or by copying and pasting it in the browser bar and then pressing 'Enter'.
http://us.groups.yahoo.com/group/DesiTarka/join

http://groups.yahoo.com/group/DesiTarka/join
http://groups.yahoo.com/group/DesiTarka/join
http://groups.yahoo.com/group/DesiTarka/join
http://groups.yahoo.com/group/DesiTarka/join
http://groups.yahoo.com/group/DesiTarka/join
http://groups.yahoo.com/group/DesiTarka/join
http://groups.yahoo.com/group/DesiTarka/join


To modify your list subscription, please send a blank email to:
SUBSCRIBE            :  DesiTarka-subscribe@yahoogroups.com     
UNSUBSCRIBE          :  DesiTarka-unsubscribe@yahoogroups.com     
INDIVIDUAL MAILS     :  DesiTarka-normal@yahoogroups.com          
DAILY DIGEST         :  DesiTarka-digest@yahoogroups.com          
VACATION HOLD        :  DesiTarka-nomail@yahoogroups.com    
FOR POSTING MESSAGES :  DesiTarka@yahoogroups.com

Switch to: Text-Only, Daily Digest • Unsubscribe • Terms of Use

.

__,_._,___

Posted in: