Union budget 2010

Union budget 2010 is being presented by Pranab Mukherjee in the parliament house today that is 26 th Febraury 2010.

WATCH LIVE TELECAST OF INDIAN UNION BUDGET

According to latest inputs ,

• Income Tax proposals Slab: Income up to Rs 1.6 lakh ----- tax will be nil
• Income Tax proposals Slab: Income above 1.6 lakh and up to Rs 5 lakh -- tax will be 10%
• Income Tax proposals Slab: Income above Rs 5 lakh and up to Rs 8 lakh -- tax will be 20%
• Income Tax proposals Slab: Income above Rs 8 lakh -- tax will be 30%

All the people from India are glued to news channels like Dordarshan national channel , NDTV profit, IBN Live , CNBC TV18, ET Now and other channels to get the latest updates . People from IT field were anticipating increase in tax slabs . Watch this space for more updates on the change in tax slabs .

Indian Budget 2009

Union budget 2009 was presented by Pranab Mukherjee in the parliament house. Main thing which all the salaried class people where looking was the increase in the base of the tax exemption.

Earlier salary above 1,50,000 for was made to pay a 10% tax per annum and girls / ladies where suppossed to pay above 1,80,000 per annum .

This has been revised by 10,000 rupess per annum, now we need to pay 10% tax for salary above 1,60,000 per annum and for girls / ladies its above 1,90,000 rupees per annum.

Thereby individual tax payers will save only 1000 rupees more per annum.

Apart from these LCD television , mobiles and life saving drugs will also be cheaper marginally.