INDIAN INCOME TAX RATES- BUDGET 29 Feb 2008
The old tax slabs were:
Upto Rs 1,10,000 – Nil
Rs 1,10,001 – Rs 1,50,000 – 10%
Rs 1,50,001 – Rs 2,50,000 – 20%
Above Rs. 2,50,000 – 30%
The new tax slabs are:
Upto Rs 1,50,000 - Nil
Rs 1,50,001 – Rs 3,00,000 – 10%
Rs 3,00,001 – Rs 5,00,000 – 20%
Above Rs 5,00,000 – 30%
Income Benefit Old Tax New Tax
Rs 2,50,000 (14,000) Rs 24,000 Rs 10,000
Rs 5,00,000 (45,000) Rs 1,00,000 Rs 55,000
Rs 7,50,000 (44,000) Rs 1,74,000 Rs 1,30,000
Rs 10,00,000 (45,000) Rs 2,49,000 Rs 2,05,000
INDIAN INCOME TAX RATES- BUDGET 06 JUL2009
Men below 65 years of age | Up to Rs 1,60,000 | NIL | Rs 1,60,001 to Rs 3,00,000 | 10% of the amount by which total income exceeds Rs 1,60,000 | Rs 3,00,001 to Rs 5,00,000 | Rs 14,000 plus 20% of the amount by which total income exceeds Rs 3,00,000 | Rs 5,00,000 and above | Rs 54,000 plus 30% of the amount by which total income exceeds Rs 5,00,000 | Women | Up to Rs 1,90,000 | NIL | Rs 1,90,001 to Rs 3,00,000 | 10 per cent | Rs 3,00,001 to Rs 5,00,000 | 20 per cent | Rs 5,00,000 and above | 30 per cent | Senior Citizens | Up to Rs 2,40,000 | NIL | Rs 2,40,001 to Rs 3,00,000 | 10 per cent | Rs 3,00,001 to Rs 5,00,000 | 20 per cent | Rs 5,00,000 and above | 30 per cent |
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