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New Income Tax Slab in Indian budget 2008-2009
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February 29th, 2008 · 1 Comment
Sixth Pay Commission submitted its report on 24 March 2008.
CLICK HERE TO READ - LATEST SIXTH PAY COMMISSION SUBMITS ITS REPORT
New Slabs of Income Tax in Indian budget for year 2008-2009
Upto Rs. 1,50,000 - NIL
From Rs. 1,50,000 to Rs. 3,00,000 - 10%
From Rs. 3,00,001 to Rs. 5,00,000 - 20%
Above Rs 5,00,001 - 30%
FOR WOMEN & SENIOR CITIZENS CLICK HERE
MORE BENEFITS
- Deduction of Rs. 15000 under Section 80D for Individual who pays medical Insurance premium for parents
- Senior Citizens Saving Scheme 2004 and the Post Office Term Deposit Account now included under under Sec.80(C) of the Income Tax Act.
- Additional deduction of Rs 15,000 towards payment of medical insurance for parents, in addition to the Rs 1 lakh limit for savings under Section 80C of the Income Tax Act.
FOR MORE BUDGET HIGHLIGHTS CLICK HERE
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1 response so far ↓
1 bhushan // Nov 27, 2008 at 5:35 am
Why is there a difference in the slab rates of income tax for individuals and women?
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