Employees More than 10,00,000 as their Taxable Income will pay Minimum 30,000 less tax.
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Loading ...As FM announce the budget 2009 there was cheer in the higher income employees group.
The reason for the cheer was abolition of 10% surcharge on the tax to be paid.
this surcharge is applicable only to the employees having taxable income more than 10,00,000.
effectively they will be paying 3% less tax around 30% of their total income in turn this will minimum save annually around 30,000 Rs from the the total tax.
