Tags: direct tax code 2011, Direct Tax Code, Direct Taxes Code
Highlights of the New Direct Tax Code 2011-2012 in India:-
Government of India led by United Prograssive Allience (UPA) has anticipated a new Direct Tax code or Direct Taxes Code 2011-2012 to replace the old Indian Income Tax Act which was established in year 1961.
This new Direct Tax code 2011-2012 is an endeavor to make simply the tax-life of an individual person in India.
The best way new Direct Tax code 2011-2012 works is that the income tax slabs are increased, nevertheless several deductions like deduction on housing loan and tax-breaks are taken away.
Below people can see the new proposed income tax slabs under the Direct Tax code 2011-2012 will be debated in the Indian Parliament and if itnwill be approved, will be implemented in the next coming financial year 2011-2012.Read More
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