Free India income tax calculator "2009-2010", Latest Indian income tax slab, Official government of India finance links, Union budget 2009 and other India finance news
Financeminister.in provides you the latest income tax slabs 2009-2010 for India, free India income tax calculator 2009-2010, Official government of India finance links, Union budget and other India finance news.
The union budget will be presented on July 6th. Financeminister.in will bring you update information and analysis on the union budget and an updated income tax calculator.
In preparation of the Union budget 2010-2011, Minister of Finance Mr Pranabh Mukherjee will meet Industry leaders today. He will be meeting leading industrialists and also representatives of Ficci, CII and Assocham.
The Union budget for year 2010-2011 will be presented on February.
Finance Minister Pranabh Mukherjee has indicated that controlling inflation is the highest priority for the Government. While answering questions from MPs in the Parliament, Mr. Mukherjee said "Government is monitoring the price situation on regular basis"
Previously the government had indicated its willingness to import essential commodities in order to contain the price rise.
The Indian food prices have touched a ten-year high.
Modified India income tax slabs "2009 2010" per budget 2009
A detailed table for your ready reference in calculating your income tax based on the latest income tax slabs. This table is based on the latest income tax slabs / income tax rates for 2009-2010.
Summary of income tax rate changes
- For individual tax payers, there is no tax for income below Rs 1.6 lakhs
- For women tax payers, no tax for income below Rs 1.9 lakhs
- For senior citizens, there is no tax for income below Rs 2.40 lakhs.
Finance minister Pranabh Mukharjee has presented the union budget for year 2009-10 today. The budget that has more stress for infrastructure development also includes a modified income tax slab.
Main attraction - Income tax exemption limit increased. Income tax exemption limit for senior citizens is now 2.4 lakh, for women it is 1.90 lakh and for all others the income tax exemption limit will be 1.60 lakh.
Rashtrapati Bhawan announced the portfolios on Saturday and it is now confirmed that Pranabh Mukherjee would continue as Minister of Finance under the Manmohan Singh government.
Mukherjee was the Finance minister under the previous UPA government and presented the interim budget for the outgoing government. He was also the Finance Minister between 1982 and 1984.
His first priority after assuming office would be to present the Union budget.
Financeminister.in provides you the latest income tax slabs India. The free India income tax calculator for the current financial year, Official government of India finance links, Union budget analysis and other India finance news.
This is the election year and the acting Minister of finance Mr. Pranabh Mukharjee has presented the Interim Budget. This budget will cover the period till 22 May 2009 when a new government is formed. It will be the responsibility of the new government for formulating policy for the remainder of the financial year.
Highlights of India Interim budget.
As was expected, there are no changes for the tax structures or tax slabs.
Rural areas to get more boost in terms of an additional 301 billion rupees for job schemes and 120.7 billion rupees for health spending
