Saturday, 10 March 2012

Income Tax Slab Budget 2012-2013

The finance Minister will present the Budget 2012-2013 on 16th March 2012. The general public is already facing lot of problems with the increased inflation. The sky rocketing prices of the commodities are making it difficult for the common man to make his both ends meet. There are lot of expectations from the Budget 2012-2013 from the UPA Government presented by Finanace Minister Pranab Mukherji

The prices of food items, vegetables, Petrol Diesel etc are rising day by day. The common man always look for the budget and wish he gets some relief. On the other hand the salaried middle class has no way to save Income Tax.

The proposed Income Tax Slab for 2012-2013 in Budget is

Up to Rs 300000 - Nil

300000-500000 - 10%

500000-100000- 20%

If this is accepted by the Fin Min then it will be a great relief for the general public.

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