BUGGET MEMORANDUM 2012-2013
Rate of Tax proposed for salaried tax payers:
S.No. Taxable Income Proposed
1. Where taxable income does not exceeds Rs.400,000 0%
2. 400,000 but does not exceed Rs.750,000 5%
3. 750,000 but does not exceed Rs.1500,000 17500 +10%
4. 1500,000 but does not exceed Rs.2500,000 92500 +15%
5. where the taxable income exceeds Rs.2500,000 242500+20%
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