Direct Tax code Bill tabled in Lok Sabha -Available for Download

Posted: 30 Aug 2010 09:56 AM PDT

Highlights of The New direct Tax code is given below Tax exemption Limit enhanced for Individuals to 200000 For senior Citizen limit is 25000. There is no addition limit for Women. 200000-50000=10% ,500000-1000000=20% and more than 1000000 30 % Company tax rate is 30%(n There is no cess and surcharge new direct tax code MAT(minimum alternative tax ) proposed at 20% present rate is 18% plus cess and surcharge Capital gain Long term is now from asset hold more than one...

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