Relief to Taxpayers

RELIEF to TAXPAYERS

(without education surcharge)

 

MALE TAXPAYER

INCOME

INCOME TAX on PRESENT RATE

INCOME TAX AFTER BUDGET

SAVINGS

1,50,000

4,000

Zero

4,000

3,00,000

39,000

15,000

24,000

5,00,000

99,000

55,000

44,000

10,00,000

2,49,000

2,05,000

44,000

FEMALE TAXPAYER

INCOME

INCOME TAX on PRESENT RATE

INCOME TAX AFTER BUDGET

SAVINGS

1,80,000

6,500

Zero

6,500

3,00,000

35,500

12,000

23,500

5,00,000

95,500

52,000

43,500

10,00,000

2,45,500

2,02,000

43,500

SENIER CITIZEN

INCOME

INCOME TAX on PRESENT RATE

INCOME TAX AFTER BUDGET

SAVINGS

2,25,000

6,000

Zero

6,000

3,00,000

26,000

7,500

18,500

5,00,000

86,000

47,500

38,500

10,00,000

2,36,000

1,97,500

38,500

 

 

SANJAY DIXIT 
on 02 March 2008
Published in Taxation
Views : 2929
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