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Income Tax

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mint (Querist)
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03 April 2008 Hi All

Please send me the new Tax slab for the assesment year Fy 08-09

Reag
Bharat

R.V.RAO (Expert)
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03 April 2008 NEW TAX SLABS 2008-2009
RS.
UPTO 150000 NIL
150001-300000 10%PLUS EDU. CESS @3% ON TAX
300001-500000 20% PLUS EDU CESS3% ON TAX
500001 AND ABOVE 30% PLUS EDU CESS@3% ON TAX
A 10% SURCHARGE ON INCOME EXCEEDING RS. 10 LAKHS
WOMEN- EXEMPT INCOME UPTO RS. 195000
SENIOR CITIZENS-INCOME EXEMPT UPTO RS. 225000
R.V.RAO

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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03 April 2008 there is change in the above ans of R v Rao for women assesee the limit is rs 180000/-exemption then from 180000 to 300000/- tax rate is 10% and remanings are same

Sanjeev Kumar Sharma

Sanjeev Kumar Sharma (Expert)
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03 April 2008 i agree with ca hemant

R.V.RAO (Expert)
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03 April 2008 THANKS HEMANT A LOT.
R.V.RAO

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