The Budget Tax and other HighlightsThe new tax rates:Upto Rs 2 lakh : NILFrom Rs 2 lakh to Rs 5 lakh at 10%,Rs 5 lakh to Rs 10 lakh at 20%,And beyond Rs 10 lakh at 30%.Health insurance deduction upto Rs 5000 for preventive health checkup.Interest income from banks tax-free upto Rs 10,000No advanced tax requirement for senior citizens....
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The posts listed here are from various news sources and express only early views about Seventh Pay Commission. The SPC report will be published only in April. So dont take these posts for authenticated info.