Income tax exemption limit increased, corporate tax rate unchanged
July 6th, 2009 - 1:46 pm ICT by IANS ( Leave a comment )
New Delhi, July 6 (IANS) Finance Minister Pranab Mukherjee Monday proposed to increase the income tax exemption limit for senior citizens by Rs.15,000, for women and others by Rs.10,000 each, while keeping the corporate tax rate unchanged.
The exemption limit will now be Rs.240,000 for senior citizens, Rs.190,000 for women and Rs.160,000 for others.
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Tags: corporate tax rate, exemption limit, finance minister, income tax exemption, New Delhi, pranab mukherjee, senior citizens
