BUD-INCOMETAX-TABLE

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Press Trust of India New Delhi
Last Updated : Feb 28 2013 | 3:00 PM IST
Following is the table of the impact of changes in income tax provisions proposed by Finance Minister P Chidambaram in the Budget for 2013-14. These include a tax relief of Rs 2,000 on income between Rs 2 lakh and Rs 5 lakh, and 10 per cent surcharge on income above Rs 1 crore.
INCOME TAX RATE IMPACT
(Individual Tax Payers)
1. Up to Rs 2,00,000 NIL NIL
Rs 2,00,001 to Rs 5,00,000 10 per cent Rs 2,000
(Savings)

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Rs 5,00,001 to Rs 10,00,000 20 per cent NIL
Rs 10,00,001 to Rs 1 crore 30 per cent NIL
Above Rs 1 crore 30+10% surcharge 3% burden 2.
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First Published: Feb 28 2013 | 3:00 PM IST

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