Tuesday, December 8, 2009

New Income Tax Slab 2008-2009

Income Tax Rates for Year 2008-09

For Males

For Year 2008-2009


Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 1,50,000/-
Nil
Rs. 1,50,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000
20%
Above Rs. 5,00,000/-
30%



For Females

For Year 2008-2009



Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 1,80,000/-
Nil
Rs. 1,80,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000/-
20%
Above Rs. 5,00,000/-
30%



For Senior Citizen

For Year 2008-2009



Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 2,25,000/-
Nil
Rs. 2,25,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000
20%
Above Rs. 5,00,000/-
30%