Finance minister has given the Holi gift to the tax payers of India as the Union Budget 2010 has reduced the tax liability of individual income tax payers by broadening the tax slabs.
There is no change in the Basic Exemption limit, Education Cess and Income Tax rates.
The new Tax rates applicable to individual tax payers for the financial year (FY) 2010-11 and assessment year (AY) 2011-12 are given below :-
New Income Tax rates for Resident Senior Citizens (FY) 2010-11
Rs. 0 to Rs. 2,40,000-----------------> No Tax
Rs. 2,40,001 to Rs. 5,00,000-----------------> 10%
Rs. 5,00,001 to Rs. 8,00,000-----------------> 20%
Above Rs. 8,00,000-----------------> 30%
New Income Tax rates for Women (below the age of 65 yr) (FY) 2010-11
Rs. 0 to Rs. 1,90,000-----------------> No Tax
Rs. 1,90,001 to Rs. 5,00,000-----------------> 10%
Rs. 5,00,001 to Rs. 8,00,000-----------------> 20%
Above Rs. 8,00,000-----------------> 30%
New Income Tax rates for Other Individuals (FY) 2010-11
Rs. 0 to Rs. 1,60,000-----------------> No Tax
Rs. 1,60,001 to Rs. 5,00,000-----------------> 10%
Rs. 5,00,001 to Rs. 8,00,000-----------------> 20%
Above Rs. 8,00,000-----------------> 30%
Source: eBarabanki.com
Greater Noida is coming up in a major way and so is the property value there. Most of the multinational companies are shifting base in Greater Noida. Some of the corporate giants are establishing their head quarter offices or important branch offices to this side of the National Capital Region of India.
A lot of residential complexes and apartments are also coming up in Greater Noida. The number of residential projects is increasing with each passing day. More and more people are realizing the immense and huge potential that this part of the country holds. As a result there is a surge of commercial complexes like shopping arcades and malls which are coming up at a tremendous rate.
Dotted with swanky offices & work places, posh residential & apartments and flamboyant commercial areas, Greater Noida is growing fast and furiously into an ultimate modern day city. It would therefore be no wonder if soon it is compared to some of the best cities in the world.
Explore latest projects from premium builders
Find homes with the world class amenities & recreational facilities
Browse properties in established and upcoming areas
The commercial aspect of India has come of age. With the retail boom and increasing
return on investment in the commercial real estate market, the value of property
in Delhi and NCR have grown by leaps and bounds.......