Feb 29, 2008

Personal Income Tax Update on Budget 2008/09

    New Personal Income Tax Slabs Exemption till 1.5 lakhs
  • 1.50 to 3 lakhs 10%
  • 3lakhs-5lakhs 20%
  • 5lakhs - 30%.




    woman 1.45->1.80lakhs new threshold limit.
    senior citizen 1.95- 2.25 lakshs new threshold limit.

4000 rupees gain for every tax payer. Check the image for sample tax calculation

1 comment:

arun said...

Tax Slabs and Sample Tax Calculation.

http://www.scribd.com/doc/2197715/Income-taxslabs-india