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

Comments

Arun said…
Tax Slabs and Sample Tax Calculation.

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

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