Good News for Income Tax Assesses

Dear All

Proposed Income Tax slab rates by Central Board of Direct Taxes to be implemented form the next Financial Year(2017-2018)

1. There will be 4 slabs unlike 3 at present.
2. Up to 4,00,000- Nil
3. 4,00,001-10,00,000 - 10%
4. 10,00,001-15,00,000 - 15%
5. 15,00,001-20,00,000 - 20%
6. 20,00,001 & above- 30%