Check how Union Budget 2010-11 has affected your personal income tax liabilities. Use this simple excel based Tax Impact Calculator updated and modified as per the proposed Direct Tax changes applicable for FY 2010-11 or assessment year 2011-12.
Yes, you read it right! If the new Direct Tax Code Bill 2009 is passed by the Parliament in the winter session, paying 10% tax on income upto Rs.10 lacs, could be a reality very soon.
Check the impact of Union Budget 2009-10 on your Personal Income Tax. Enclosed find a simple excel based Tax Calculator applicable for FY 2009-10 or assessment year 2010-11.
Finance Minister Mr. Pranab Mukherjee will present Union Budget 2009-10 in the lower house of the Parliament. Lot of speculations are doing rounds in the National Media on what could be the content of the Union budget 2009-10.
The key issues highlighted in the President Pratibha Patil’s may impact the coming Union Budget. What could be the possible impact of these issues on people like you and me.