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gauri tomar (AM- Human Resource)     08 June 2008

Tax Slab - 2008-2009

Dear All,

Pls update me witjth new tax slabs for female , male and senior citizen for financial year 2008-2009.  Its really urgent.Pls mail  me on gaurihrm@gmail.com.

 

Thanks,

Gaur



Learning

 5 Replies

Advocate Pankaj Kumar Sharma (Direct Taxes ( Income Tax & Wealth Tax) Consultants alongwith Service Tax including Tax Planning)     08 June 2008

     Slab Rate For AY 2008-2009



  1. For Individuals/HUF/AOP/BOI/AJP(For Individuals other than Resident Womem Assessee & Resident Senior Citizens)


             Upto 110000                Nil


            110000-150000          10%


           150000-250000           20%


            250000-1000000        30%


             Above 1000000           30%


      2. Resident Women Assessee Below 65 Yrs


              Upto 145000               Nil


             145000-150000         10%            


           150000-250000           20%


            250000-1000000        30%


             Above 1000000           30%


         3. Resident senior Citizens


              Upto 195000               Nil


              195000-250000           20%    


              250000-1000000        30%


             Above 1000000           30%


  NOTE  Surcharge @10% if total income exceed Rs 1000000.It is 


  applicable to all levels of income of Artificial Judicial Person(AJP)


                Education cess(EC) @2% +Secondary & Higher Education cess 


               (SHEC)@ 1%  at   levels of income.


              


         4.      For Co-operative  Societies


               For First Rs.10000@10%


               For Next  Rs.10000@20%


               For the Balance @30%


               EC@2% @ SHEC@1%. Surcharge is not aplicable.

veenzar (Advocate)     09 June 2008

Calculate your tax easily at the given link


 


https://www.business-standard.com/budget_08/tax_calc/tax_calculator.htm

Manish Singh (Advocate)     09 June 2008

I think there's some mistake since the intaxable slab has been raised to 1, 50,000

Manish Singh (Advocate)     09 June 2008

Income Tax Rates for Year 2008-09


For Males






For Year 2008-2009
























Taxable Annual Income Slab (In Rs.) Tax Rate (In %)
Upto Rs. 1,50,000/- Nil
Rs. 1,50,001/- to Rs. 3,00,000/- 10%
Rs. 3,00,001/- to Rs. 5,00,000 20%
Above Rs. 5,00,000/- 30%





For Females







For Year 2008-2009
























Taxable Annual Income Slab (In Rs.) Tax Rate (In %)
Upto Rs. 1,80,000/- Nil
Rs. 1,80,001/- to Rs. 3,00,000/- 10%
Rs. 3,00,001/- to Rs. 5,00,000/- 20%
Above Rs. 5,00,000/- 30%





For Senior Citizen







For Year 2008-2009
























Taxable Annual Income Slab (In Rs.) Tax Rate (In %)
Upto Rs. 2,25,000/- Nil
Rs. 2,25,001/- to Rs. 3,00,000/- 10%
Rs. 3,00,001/- to Rs. 5,00,000 20%
Above Rs. 5,00,000/- 30%



 

Guest (n/a)     10 June 2008

Thanks


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