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INCOME TAX, NO LONGER AS TAXING!

You can plan to pay tax of Rs.4,01,700 on family income of Rs.33 lakhs, at an average tax rate of just 12.17%!         Just consider some tax facts of the past eight years as highlighted hereunder: In FY 2004-05, the basic Income-tax exemption limit was Rs.50,000 and taxable income exceeding Rs.1,50,000 attracted the maximum tax rate of 30%. Today in FY 2012-13, the basic Income-tax exemption limit is Rs.2,00,000...

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