Finance minister P Chidambaram on 28th February, 2013 presented the Indian Budget which is one of the most highly anticipated Budgets of recent years. Some highlights for Indian Budget 2013-14 and Income Tax Slabs are as:
Indian Budget 2013-14 Highlights:
1. As according to Indian Budget 2013-14, The Income Tax slabs and Rates not revised.
2. Tax payers have still relief in the first bracket of 2 lakh to 5 lakh. A notional rise in the threshold exemption from 2,00, 000 to 2,20,000 by providing a tax credit of 2,000 to every person who has a total income upto 5 lakh.