New Direct tax slab rates!!

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Chartered Accountant
4158 Points Joined March 2007

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%
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On 29 February 2008 at 11:43 Report
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w
545 Points Joined December 2007
SLAB RATE WILL BENEFIT MOST OF PEOPLES STCG REUIRED TO BE COMPROMISED AT PRIOR RATES .
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On 29 February 2008 at 11:53
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Service
1461 Points Joined October 2007
It is good and after so many years FM think for individual
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On 29 February 2008 at 13:05
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Chief Financial Officer and Co
11318 Points Joined September 2007
A populist budget. He depends upon collection improvement to realise his wishes!
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On 29 February 2008 at 16:04
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Articled assistant
500 Points Joined February 2008
Finally....its there...but is it really surprising???i dun think so....
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On 29 February 2008 at 16:32
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C A
7080 Points Joined June 2007
Election budget
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On 29 February 2008 at 16:56
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CA
1580 Points Joined September 2007
Many assessees will be benefited from this budget.
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On 29 February 2008 at 17:34
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Deputy Manager - Internal Audit
78 Points Joined 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 !!!
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On 29 February 2008 at 23:34
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Business Finance Analayst
432 Points Joined December 2007
Great Especially for women and senior citizen assesssee
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On 01 March 2008 at 12:47
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business
179 Points Joined February 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..
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On 02 March 2008 at 11:46
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CA Final Student
138 Points Joined December 2007
nice move as one can have disposable income more
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On 03 March 2008 at 12:07
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Service
1461 Points Joined October 2007
Thanks for sharing
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On 03 March 2008 at 13:05
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111 Points Joined March 2007
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
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On 05 March 2008 at 12:50
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MBA Finance
417 Points Joined December 2007
Yes this budget is purely for the upcoming election
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On 05 March 2008 at 13:12
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Accounts Manager
1386 Points Joined February 2008

Automated form 16 for FY 2008-09 attached to download file, it calc., new rate automatically.

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On 22 May 2008 at 17:38


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