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 |
