new direct tax code

new direct tax code

Hi people the latest info related to new direct tax code is here. new direct tax code are to be announced shortly. new direct tax code can be viewed from following links below . you can also see the new direct tax code in the official website site1 if you got any questions reg new direct tax code comment below. links to new direct tax code here below . you just have to navigate through the liks for new direct tax code. Best Of Luck for new direct tax code !!!

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The new Direct Taxes Code has suggested a significant expansion of personal income-tax slabs, with levels of relief going up with incomes.


The Code, unveiled today by Finance Minister Pranab Mukherjee, said that the 10 per cent tax rate should apply to an annual income of Rs 1.6-10 lakh per annum and the 20 per cent rate to Rs 10-25 lakh.


The maximum rate of 30 per cent, it added, should apply to income above Rs 25 lakh per annum.


The new rates, it said, "are expected to yield the existing level of revenues with the revised comprehensive tax base proposed in this code".


Now 10 per cent is levied on incomes of Rs 1.6-3 lakh, 20 per cent on Rs 3-5 lakh and 30 per cent above Rs 5 lakh.


official websites :-

1. new direct tax code link

2. new direct tax code link

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