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SANJAY DIXIT (Advocate)     02 March 2008

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

 



Learning

 6 Replies

soulofvalbooj (n/a)     02 March 2008

good one sanjay

SANJAY DIXIT (Advocate)     02 March 2008

Thanks & Welcome Dear Soulofvalbooj...

Siva Kumar (Student)     03 March 2008

nice

Debashis Nanda (Proprietor)     03 March 2008

Will this be applicable to this years submission i.e. in March 2008

SANJAY DIXIT (Advocate)     04 March 2008

No, Dear debashis, it will be applicable for the fin.yr. 2008-2009.

RAJAGOPALAN (CHARTERED ACCOUNTANT)     05 March 2008

Dear Debashis Nanda, it is applicable for the period starting from April 2008 to March 2009 ie F.Y.2008-09

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