Income Tax: Don't pay tax if your income is less than Rs 2 lakh

Income tax slab rate has been brought at par as proposed in DTC. General income tax exemption limit increased from Rs 180,000 to Rs 200,000.

March 16, 2012 / 14:59 IST

By Sanjiv Choudhary, Tax Partner, KPMG

1) DTC unlikely to be implemented by FY 2012-13

2) Income tax slab rate has been brought at par as proposed in DTC. General income tax exemption limit increased from Rs. 180,000 to Rs. 200,000. The rates proposed for FY 2012-13 is as under:

Income upto Rs. 2 Lakhs

first published: Mar 16, 2012 02:11 pm

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