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This is the tax you will pay now
July 10, 2004
The government on Thursday raised the income tax exemption limit to Rs 100,000 while imposing a 2 per cent education cess on taxable income. A person having taxable income exceeding Rs 1 lakh will now be required to pay in additional to income tax (after rebate), an education cess at the rate of 2 per cent.
Check out how much tax will you need to pay now (all figures in the table are in rupees):
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