TaxTMI 
TaxTMI 
TaxTMI 
Change in income tax slab
SURYAKANT MITHBAVKAR
Govt. anoounced recently change in Income tax Slab. whether the same has been applicable from 2010-11 or 2011-12.
Recent Changes in Income Tax Slabs: Finance Act 2010 Rates Apply for Financial Year 2010-11, Assessment Year 2011-12. A query was raised about the applicability of recent changes in income tax slabs announced by the government. Two responses clarified that the income tax rates specified in the Finance Act 2010 apply to the financial year 2010-11, corresponding to the assessment year 2011-12. (AI Summary)