K. Srinivas CWA A bank cheque is a written order directing your bank to pay a certain sum of money against your bank balance. Almost every one of us use cheques extensively to make payments for utility bills, insurance payments etc; Writing a cheque may sound simple to many of us but believe me, writing […]
The Finance Minister in his budget speech proposed to raise basic exemption limit from Rs.1.8lacs to Rs.2lacs resulting in tax savings of Rs.2000. For the income above the basic exemption limits, new tax slabs have been announced too. Rs. 2 Lacs to Rs. 5 lacs – 10% , Rs. 5 lacs – Rs.10 Lacs – 20% and above Rs.10 lacs – 30%.
