updated incometax calculator fy 2009-10 by ca bk bansal

This query is : Resolved

B KRISHNA (Querist)
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08 July 2009 There is confusion in the formula for incometax rates, upto 160000 - nil
160000 to 300000 = 10%
300001 to 500000 = 20% + 14000
500000 above 30% + 54000, but in the formula for above 500000 the tax is 30% plus 55000,
which is correct ?, this rate of tax is for female and senior citizens also, please help

Aditya Maheshwari

Aditya Maheshwari (Expert)
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08 July 2009 500,000 Above 30% + 54000 is correct for males below 65 years.

500,000 Above 30% + 51000 for females below 65 years.

500,000 Above 30% + 46000 for individuals above 65 years.

The above are only proposals and not final in any case. They may change when the final budget is passed.

B KRISHNA

B KRISHNA (Querist)
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11 July 2009
ADITYA MAHESHWARI,

THANKS FOR CLARIFING THE RATES, CAN YOU SEND THE EXCEL FORMAT OF AP VAT 200 FORM AND CST VI.

WITH REGARDS,

KRISHNA

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