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SAM KOSHY's Expert Profile

Queries Replied : 9

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About me

    What kinds of questions I can and can't answer?
    Working in accounts & finance

    My area of expertise
    Project finance,Accounts

    My experience in the area (years):
    10 years

    Organizations I belong to:
    International

    Publications or writing which has appeared :
    International

    Educational credentials:
    Masters

    Award & Honors:
    International

  • CA Umashankar Vaishnav says : Expected Tax Rate Slab For Finance Bill Act, 2008
    As per my opinion the Expected Tax Rate Slabs for the cooming Finance Bill, Act 2008 will be as under:(individual only) For individual(other than women & senior citizen): upto Rs.1,25,000- tax rate-nil 12,5001-1,50,000-tax rate-10% 1,50,001-2,50,000-tax rate-20% 2,50,001-10,00,000-tax rate-30% Above-Rs.10,00,000-tax rate-30% surcharge being same as 10% in case of total income exceed Rs.10,00,000. Edu cess being constant at @ 3% For a women being age below 65yrs. upto Rs.1,65,000-tax rate-nil 1,6,5001-2,50,000-tax rate-20% 2,50,001-10,00,000-tax rate-30% Above Rs.10,00,000-tax rate-30% surcharge being same as 10% in case of income exceed Rs.10,00,000. Edu cess being constant at @ 3% For senior citizen (Age remain 65yrs. or above) upto Rs.2,05,000-tax rate-nil 2,05,001-2,50,000-tax rate-20% 2,50,001-10,00,000-tax rate-30% surcharge being same as 10% in case of income exeed Rs.10,00,000. Edu cess @ 3%. post your's opinion in this regards is it (A)Good, (B)Better, (C)Best, (D)Not Bad, (E) very Rediculus. from umashankar vaishnav C.A.-Final


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