Inc Tax slab

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shruti

shruti (Querist)

19 December 2007 pl adv the income tax slab.

CA. Vineet Grover

CA. Vineet Grover (Expert)

19 December 2007 Hi Shruti,

Income Tax Rates

For Men & HUF:
0 - - 1,00,000 Nil
1,00,001 - 1,50,000 10%
1,50,001 - 2,50,000 20%
More than 2,50,001 30%

For Women
0 - 1,35,000 Nil
1,35,001 - 1,50,000 10%
1,50,001 - 2,50,000 20%
More than 2,50,001 30%

For Senior Citizen
0 - 1,85,000 Nil
1,85,001 - 2,50,000 20%
More than 2,50,001 30%

Rgds/
Vineet

Ravikumar.G

Ravikumar.G (Expert)

19 December 2007 Basic limit has been incresed by Rs.10,000/- for all individuals from AY 2008-09.

Amit Sharma

Amit Sharma (Expert)

04 January 2008 Hi,

I hope this can be of alot of help.

If u need further details download file TAXATION from this website.

RATES AND SURCHARGE

SL.NO PARTICULARS SLAB SURCHARGE
PARTICULARS RATE PARTICULARS RATE

1 Individuals Upto 1,10,000 NIL Above 10,00,000 10%
Next 40,00 10%
Next 1,00,000 20%
Balance 30%

2 HUF Upto 1,10,000 NIL Above 10,00,000 10%
Next 40,00 10%
Next 1,00,000 20%
Balance 30%

3 Firms Flat Rate 30% Above 100,00,000 10%

4 Joint Stock Company Domestic 30% Above 100,00,000 10%
Foreign 40% Above 100,00,000 2.50%

5 Co-operative Soceity Upto 10,000 10% NIL
Next 10,00 20%
Balance 30%

6 Body of people / Association Upto 1,10,000 NIL Above 10,00,000 10%
Next 40,00 10%
Next 1,00,000 20%
Balance 30%

7 Artificial person Flat Rate 30% Above 100,00,000 10%

Best Regards,

Amit

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