Tax Slabs in India - 2009
Well, last year, Finance Minister P. Chidambaram, the Indian income tax slab by changing the tax burden on lower paid people. This article income men, women and senior citizens to various categories of taxpayers as income tax rates in India provides information on. Also last count, the best investment strategy for the deductible and other Indians, provides details on saving. Income tax rates here are for the year 2008-2009.
Income tax slab one - zero tax
Male salaried individuals to zero if their net taxable income of Rs 50,000 1, and down. Zero limit for women is Rs. Rs 1,80,000 for senior citizens, while it is. 225 000. According to the Income Tax Department, only (both men and women) individuals who are 65 years old and above are considered senior citizens. Invest wisely and using pay incentives, it proceeds down the levels are big this is possible to get.
Income tax slab 2 - ten per cent tax
People earning between Rs. 150 001 300,000 fall into this category. Men will pay 10 percent of the amount over Rs. While for women between Rs 1,50,000 10 per cent of the amount to be paid. Rs 180 001. 300,000. Senior citizens and 10 per cent of the amount between Rs 225 000 to pay. 3 lakh as income tax in India.
Three income tax slab - Twenty percent tax
Indian national income between Rs. 300 001 for 500,000 of the income tax rate is paid. In this class, salaried people more than Rs 15,000 will pay 20 percent of the amount between Rs. 3,00,000 and Rs. 500,000. Women pay Rs. ? 20 percent of the amount between Rs 12,000. While senior citizens pay Rs 3-5 lakh. 7500 more than 20 percent of the amount between Rs. 3-5 million.
Income tax slab four - thirty percent tax
All Indians, earning a salary of over Rs. 500,000 fall into this category. Men Rs.55, 000 more will pay 30 percent of the amount over Rs. 500,000. For salaried women taxpayers have to pay Rs. 52 000? 30% of income exceeding Rs. While it is Rs 5,00,000 for senior citizens. 47,500 plus 30 percent of income above Rs 5 lakh.
Income tax surcharge - in addition to the top income tax rates, a 10 percent surcharge (tax on) applies if after taking into consideration all the deductions from taxable income up to Rs. 10 million.
Education Cess - An education cess of all taxes in India, which are subject to 2 percent of total tax due. Assessment year 2008-09, secondary and higher secondary education cess of 1% of the effect is applied to half of the taxable income.
March 2009 - The current income tax slab rates are for the financial year to April 2008. The annual budget is expected to be announced at the end of this month, and it is expected that Finance Minister Mr.P.Chidambaram taxation, to introduce a new system
slabs, cut investment and expenses for the next year the tax rate in India is further reduced.
Keep reading the blog to stay informed.
Income tax slab one - zero tax
Male salaried individuals to zero if their net taxable income of Rs 50,000 1, and down. Zero limit for women is Rs. Rs 1,80,000 for senior citizens, while it is. 225 000. According to the Income Tax Department, only (both men and women) individuals who are 65 years old and above are considered senior citizens. Invest wisely and using pay incentives, it proceeds down the levels are big this is possible to get.
Income tax slab 2 - ten per cent tax
People earning between Rs. 150 001 300,000 fall into this category. Men will pay 10 percent of the amount over Rs. While for women between Rs 1,50,000 10 per cent of the amount to be paid. Rs 180 001. 300,000. Senior citizens and 10 per cent of the amount between Rs 225 000 to pay. 3 lakh as income tax in India.
Three income tax slab - Twenty percent tax
Indian national income between Rs. 300 001 for 500,000 of the income tax rate is paid. In this class, salaried people more than Rs 15,000 will pay 20 percent of the amount between Rs. 3,00,000 and Rs. 500,000. Women pay Rs. ? 20 percent of the amount between Rs 12,000. While senior citizens pay Rs 3-5 lakh. 7500 more than 20 percent of the amount between Rs. 3-5 million.
Income tax slab four - thirty percent tax
All Indians, earning a salary of over Rs. 500,000 fall into this category. Men Rs.55, 000 more will pay 30 percent of the amount over Rs. 500,000. For salaried women taxpayers have to pay Rs. 52 000? 30% of income exceeding Rs. While it is Rs 5,00,000 for senior citizens. 47,500 plus 30 percent of income above Rs 5 lakh.
Income tax surcharge - in addition to the top income tax rates, a 10 percent surcharge (tax on) applies if after taking into consideration all the deductions from taxable income up to Rs. 10 million.
Education Cess - An education cess of all taxes in India, which are subject to 2 percent of total tax due. Assessment year 2008-09, secondary and higher secondary education cess of 1% of the effect is applied to half of the taxable income.
March 2009 - The current income tax slab rates are for the financial year to April 2008. The annual budget is expected to be announced at the end of this month, and it is expected that Finance Minister Mr.P.Chidambaram taxation, to introduce a new system
slabs, cut investment and expenses for the next year the tax rate in India is further reduced.
Keep reading the blog to stay informed.
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