https://www.taxtmi.com/article/detailed?id=708 Budget 2010 revised individual income tax slabs by modestly raising the basic exemption for female taxpayers, widening the middle slab ceiling, and introducing a one year, investment linked deduction under Section 80CCF for infrastructure bonds. The author contends the increase in exemption is inadequate in view of inflation and indirect tax incidence on lower middle incomes, provides comparative tax liability tables for males, females and seniors, and advocates a substantially higher basic threshold to relieve compliance burden and real tax incidence. en-us Sun, 07 Mar 2010 00:00:00 +0530 Sun, 07 Mar 2010 22:14:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=708 Budget 2010 revised individual income tax slabs by modestly raising the basic exemption for female taxpayers, widening the middle slab ceiling, and introducing a one year, investment linked deduction under Section 80CCF for infrastructure bonds. The author contends the increase in exemption is inadequate in view of inflation and indirect tax incidence on lower middle incomes, provides comparative tax liability tables for males, females and seniors, and advocates a substantially higher basic threshold to relieve compliance burden and real tax incidence. Articles Income Tax Sun, 07 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=708