NEW STRUCTURE OF INCOME TAX

NEW STRUCTURE OF INCOME TAX

 

MALE TAXPAYER

BEFORE

NOW

Upto 1,10,000

Nil

Upto 1,50,000

Nil

1,10,001 to 1,50,000

10%

1,50,001 to 3,00,000

10%

1,50,001 to 2,50,000

20%

3,00,001 to 5,00,000

20%

More than 2,50,000

30%

5,00,001 & above

30%

Education Cess

3%

No Change

No Change

Surcharge on Income More than 10,00,000

10%

No Change

No Change

FEMALE TAXPAYER

BEFORE

NOW

Upto 1,45,000

Nil

Upto 1,80,000

Nil

1,45,001 to 1,50,000

10%

1,80,001 to 3,00,000

10%

1,50,001 to 2,50,000

20%

3,00,001 to 5,00,000

20%

More than 2,50,000

30%

5,00,001 & above

30%

Education Cess

3%

No Change

No Change

Surcharge on Income More than 10,00,000

10%

No Change

No Change

SENIER CITIZEN

BEFORE

NOW

Upto 1,95,000

Nil

Upto 2,25,000

Nil

1,95,001 to 2,50,000

20%

2,25,001 to 3,00,000

10%

More than 2,50,000

30%

3,00,001 to 5,00,000

20%

   

5,00,001 & above

30%

Education Cess

3%

No Change

No Change

Surcharge on Income More than 10,00,000

10%

No Change

No Change

 

 

 

SANJAY DIXIT 
on 02 March 2008
Published in Taxation
Views : 3055
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