TaxTMI 
TaxTMI 
Change in income tax slab
18 Sep 2010 
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Applicability of income tax rates: Finance Act-specified rates take effect for the fiscal period following enactment.
Applicability of income tax slab changes arises from statutory prescription of rates in the Finance Act: tax rates announced in the Finance Act operate through the Schedule to that Act and apply to the relevant fiscal period following enactment, governing the previous year and the subsequent assessment year. (AI Summary)
Applicability of income tax slab changes arises from statutory prescription of rates in the Finance Act: tax rates announced in the Finance Act operate through the Schedule to that Act and apply to the relevant fiscal period following enactment, governing the previous year and the subsequent assessment year. (AI Summary)
Govt. anoounced recently change in Income tax Slab. whether the same has been applicable from 2010-11 or 2011-12.