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in
Financial Year
2009 – 2010
From - WWW.SQUAMBLE.COM
Tax Slab for F.Y. 2009 - 2010
Taxable Income of Senior
Taxable Income of Men Taxable Income of Women Citizens Tax
Rs.5,00,000 and Above Rs.5,00,000 and Above Rs.5,00,000 and Above 30%
Note :
3% Education Cess also on the tax amount after tax and surcharge (if any)
What is surcharge?
* If salary is above 10 lacs , 10% surcharge will also be applicable.
Following things will be discussed :
1. Tax Slab in 2009 for salaried employees
Dividend Income :
Dividend income from companies / equity – oriented Mutual
Funds is Completely Exempt in the hands of investors.
1. Spouse
2. Brother or Sister.
3. Brother or Sister of Spouse.
4. Brother or Sister of either of parents of the individual.
5. Any lineal ascendant or descendant of the individual.
6. Any lineal ascendant or descendant of the spouse of the
individual.
7. Spouse of the persons referred to in (2) or (6)
8. Gifts received on the occasion of marriage
9. Gift received under a WILL by way of inheritance are also
tax free.
Filing of Income Tax Return :
Interest on debentures/bonds.
equities.
ULIP & ELSS are also eligible investments
under section 80C of Income Tax Act 1961.
Twin Advantages
• Equity Returns
• Tax Benefits
ELSS / ULIP – A Comparison
Instrument Expected Returns Lock-In Period
Avenue Returns 3 6 8 10 15 20
Mutual Fund ELSS/ ULIP Plans returns are the assumed returns dependent on the markets
and are not guaranteed or assured
Deduction u/s 80D
Mediclaim Policy