Direct Tax Proposal

Its Official – If you are salaried and earn less than Rs. 5 Lakh a year – There is no need for you to file income tax returns for assessment year ending 2012. What his means that salaried persons will not have to file returns for earnings…

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…