children

Legal battles are fought between parents for child custody, which is indeed the most unfortunate aftermath following a marital breakup. Parents, after undergoing a matrimonial war, tend to fight over their child’s custody without understanding its psychological impact on their child. They should at least care about the emotional and physical stress that the child undergoes due to their break up but no, this doesn’t usually happen. The situation is worsened by the delay with which Indian law and the legal system functions in delivering a quick ruling on child custody.

India follows a progressive system of taxation, having a three-tiered tax slab, wherein the tax rate increases with an increase in the level of income. As per the tax slabs for the assessment year 2009-2010, an individual with an aggregate annual income of Rs.5,00,000 is liable for income tax worth Rs.47,500.