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New Income Tax Slab India
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February 29th, 2008 · 4 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.
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Tags: Indian budget
4 responses so far ↓
1 New Income Tax Slab for Women 2008-2009 // Feb 29, 2008 at 11:24 am
[…] Sony T610 ← New Income Tax Slab India […]
2 Income tax Slab for Senior Citizens 2008-2009 India Budget // Feb 29, 2008 at 11:26 am
[…] FOR MEN CLICK HERE AND FOR WOMENS CLICK HERE […]
3 Dharmendra singh // Oct 18, 2008 at 2:39 am
tell me about section 80U.
4 Dharmendra singh // Oct 18, 2008 at 2:47 am
my disability is 54%. Tell me the exemption under section 80U.
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