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Revision as of 05:17, 22 September 2026
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3 A 3. All individuals to spend tax @ 15.00 % of salary over first Rs. 4,00,000/-. No slabs, no deductions, no exemptions, no incentives and no allowances.No distinction in kind and source of income. What we are all aware as your 'income' tax has a few tax brackets each having its own tax rate from 10% to 35% (2009). These rates are used for your taxable income which is income a lot more your 'tax free' returns. Employers and Clients. Every year your employer is recommended to submit a record of the benefits and duty that they take involving your gross pay.
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