Union Budget 2008 – Income Taxes reduced
February 29th, 2008 Posted in News
The old tax slabs were:
- Upto Rs 1,10,000 – Nil
- Rs 1,10,001 – Rs 1,50,000 – 10%
- Rs 1,50,001 – Rs 2,50,000 – 20%
- Above Rs. 2,50,000 – 30%
The new tax slabs are:
- Upto Rs 1,50,000 – Nil
- Rs 1,50,001 – Rs 3,00,000 – 10%
- Rs 3,00,001 – Rs 5,00,000 – 20%
- Above Rs 5,00,000 – 30%
Income ,Old Tax, New Tax, Reduction
Rs 2,50,000 (14,000) Rs 24,000 Rs 10,000
Rs 5,00,000 (44,000) Rs 99,000 Rs 55,000
Rs 7,50,000 (44,000) Rs 1,74,000 Rs 1,30,000
Rs 10,00,000 (44,000) Rs 2,49,000 Rs 2,05,000
Related Posts
Tags: tax
Leave a Reply
You must be logged in to post a comment.