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
CAclubindia
