More Highlights of Indian budget (Part 14)

By IANS

No income tax on annual earnings of Rs.150,000

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Rs.4,000 minimum relief for all tax assesees

10 percent tax on income between Rs.150,000 to Rs.300,000

20 percent tax on income between Rs.300,000 to Rs.500,000

30 percent tax on income over Rs.500,000

No income tax for women with annual income up to Rs.180,000

No income tax for senior citizens with annual income up to Rs.225,000