Government of India had increased the basic personal income tax exemption limit from Rs. 50,000 to Rs. 50,000 for Financial Year 2004-2005 and Assessment Year 2005-2006. The new income tax rates or income tax slabs were effective from April 01, 2004.
Author: Suzanne Shwartz
Mr. Morarji Desai, the Finance Minister of India, delivered his budget speech while presenting the Union Budget of India, also called the Indian General Budget, for the Financial Year 1960-1961 on Monday, February 29, 1960 in New Delhi.
Mr. Palaniappan Chidambaram, the Finance Minister of India, delivered his budget speech while presenting the Union Budget of India, also called the Indian General Budget, for the Financial Year 2007-2008 on Wednesday, February 28, 2007 in New Delhi.
Government of India had increased the basic personal income tax exemption limit from Rs. 1,500 to Rs. 2,000 for Financial Year 1955-1956 and Assessment Year 1956-1957. The new income tax rates or income tax slabs were effective from April 01, 1955.
Government of India had increased the basic personal income tax exemption limit from Rs. 50,000 to Rs. 50,000 for Financial Year 2003-2004 and Assessment Year 2004-2005. The new income tax rates or income tax slabs were effective from April 01, 2003.
Mr. Morarji Desai, the Finance Minister of India, delivered his budget speech while presenting the Union Budget of India, also called the Indian General Budget, for the Financial Year 1959-1960 on Saturday, February 28, 1959 in New Delhi.
Government of India had increased the basic personal income tax exemption limit from Rs. 1,500 to Rs. 1,500 for Financial Year 1954-1955 and Assessment Year 1955-1956. The new income tax rates or income tax slabs were effective from April 01, 1954.
Mr. Palaniappan Chidambaram, the Finance Minister of India, delivered his budget speech while presenting the Union Budget of India, also called the Indian General Budget, for the Financial Year 2006-2007 on Tuesday, February 28, 2006 in New Delhi.
Government of India had increased the basic personal income tax exemption limit from Rs. 50,000 to Rs. 50,000 for Financial Year 2002-2003 and Assessment Year 2003-2004. The new income tax rates or income tax slabs were effective from April 01, 2002.
Mr. Jawaharlal Nehru, the Prime Minister and the Finance Minister of India, delivered his budget speech while presenting the Union Budget of India, also called the Indian General Budget, for the Financial Year 1958-1959 on Friday, February 28, 1958 in New Delhi.