New Tax structure

Centre and State Governments have finally reached a consensus on determining the tax rate slabs under Goods and Services Tax Bill. This will help in breaking the barriers which restrained pan-India implementation of GST and in unifying…

Finance minister Pranab Mukherjee has proposed new tax slabs for the so called ‘aam aadmi’  in the Union Budget 2010. The tax slabs have been revised upwards for various income groups and thus providing windfall gains to middle and…

Congress Party seems to have played a masterstroke here. After not so impressive budget, they have announced something that will make the common man scream with Joy. In fact the Government has unveiled the draft of a brand new direct tax…