what are the differences in IT Rules during current financial year applicable to salaried individual Indian?



The Income Tax Rate Rebate etc. may slightly differ during each year. What are the differences affecting salaried individuals (India) compared to the last financial year.

what are the differences in IT Rules during current financial year applicable to salaried individual Indian?
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3 Replies to “what are the differences in IT Rules during current financial year applicable to salaried individual Indian?”

  1. Taxable amount increased from Rs. 1.60 lacs to Rs. 1.80 for men assessee. no change in working women below age of 60 years is the changes for A.Y. 2012 -13


  2. Basic exemption limit has been increased from 1.6 lakhs to 1.8 lakhs. The exemption limit for women has been increased to 1.9 lakhs. The senior citizen will apply from 60 years not 65 years. Investment in Notified Infra Bonds up to Rs 20,000 to continue for one more year






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