Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

New Direct tax slab rates!!

Others 4282 views 15 replies

CA Nikita

Chartered Accountant

4163 Points Posted on 29 February 2008

Personal taxes

upto 150000-nil

150001-300000-10%

300001-500000-20%

above 500,001-30%

Women upto 180000-nil

Senior citizen:

upto 225000- nil

No change in Corporate tax

no change in surcharge

80D deduction in case an individual pays on behalf of his parent/parents

STCG increases to 15%

Replies (15)

kaushal

545 Points Posted on 29 February 2008

SLAB RATE WILL BENEFIT MOST OF PEOPLES STCG REUIRED TO BE COMPROMISED AT PRIOR RATES .

CA. Kirti S. Ganatra

Service

1461 Points Posted on 29 February 2008

It is good and after so many years FM think for individual

S.Srinivasaraghavan

Chief Financial Officer and Co

11318 Points Posted on 29 February 2008

A populist budget. He depends upon collection improvement to realise his wishes!

pRaSoOn

Articled assistant

500 Points Posted on 29 February 2008

Finally....its there...but is it really surprising???i dun think so....

CA. Gurdeep Singh Chawla

C A

7080 Points Posted on 29 February 2008

Election budget

Darshu

1580 Points Posted on 29 February 2008

Many assessees will be benefited from this budget.

Gufran Khan

Deputy Manager - Internal Audit

78 Points Posted on 29 February 2008

Really really a very people friendly budget . However , recoveries will be made here or there . Does anybody knows that now India has reached a stage where exports are being taxed . Great !!! chakde India !!!

Devendra Mishra

Business Finance Analayst

432 Points Posted on 01 March 2008

Great Especially for women and senior citizen assesssee

Rajiev Murarka

business

179 Points Posted on 02 March 2008

its not a big deal now a days most of us hv stcg by investing in markets..tht means paying 5% more on this brings almost the same amount of tax as we r benefited in earlier budget..

Deepak Chauhan

CA Final Student

138 Points Posted on 03 March 2008

nice move as one can have disposable income more

CA. Kirti S. Ganatra

Service

1461 Points Posted on 03 March 2008

Thanks for sharing

Rajesh Itty Eapen

111 Points Posted on 05 March 2008

great budget.... Stcg should not b a proble... why should i reduce investments jus b'coz i hav to part wit 15% of wat i earn.. if i stop short term investments, i'm losing the chance of earning 85%....good budget... itty