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Income Tax Slab India 2008-2009
March 1st, 2008 · No Comments
Now Every Indian can save minimum Rs 4000 more from Income tax. The New Slabs of Income tax are as under :
Income Upto Rs. 1,50,000 - No Income Tax to Pay
Income From Rs. 1,50,001 to Rs. 3,00,000 - Pay Income Tax at the rate of 10% in excess of Rs 1,50,000.
Income From Rs. 3,00,001 to Rs. 5,00,000 - Rs. 15000 + Pay Income Tax at the rate of 20% in excess of Rs 1,50,000.
Income More than Rs. 5,00,001 - Rs. 55000 + Pay Income Tax at the rate of 20% in excess of Rs 1,50,000.
There No Change in Corporate Income Tax and Surcharges.
FOR WOMEN
Income Upto Rs. 1,80,000 - No Income Tax to Pay
Income From Rs. 1,80,001 to Rs. 3,00,000 - Pay Income Tax at the rate of 10% in excess of Rs 1,50,000.
Income From Rs. 3,00,001 to Rs. 5,00,000 - Rs. 12000 + Pay Income Tax at the rate of 20% in excess of Rs 1,50,000.
Income More than Rs. 5,00,001 - Rs. 52000 + Pay Income Tax at the rate of 20% in excess of Rs 1,50,000.
FOR SENIOR CITIZEN
Income Upto Rs. 2,25,000 - No Income Tax to Pay
Income From Rs. 2,25,001 to Rs. 3,00,000 - Pay Income Tax at the rate of 10% in excess of Rs 1,50,000.
Income From Rs. 3,00,001 to Rs. 5,00,000 - Rs. 7500 + Pay Income Tax at the rate of 20% in excess of Rs 1,50,000.
Income More than Rs. 5,00,001 - Rs. 47500 + Pay Income Tax at the rate of 20% in excess of Rs 1,50,000.
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