Comparison of Tax liabilities pre-Budget and post-Budget

For Men
Income Tax slab Old tax Old tax New tax New tax Benefit (Rs)
(Rs) rate (%) (Rs) rate (%) (Rs)
0 to 110,000 Nil 0 Nil 0 0
110,001 to 150,000 10 4,000 Nil 0 4,000
150,001 to 250,000 20 20,000 10 10,000 10,000
250,001 to 300,000 30 15,000 10 5,000 10,000
300,001 to 500,000 30 60,000 20 40,000 20,000
500,001 and above 30 30
1. A person having an income of up to Rs 3 lakh will get a benefit of Rs 24,000
2. A person having an income of up to Rs 5 lakh will get a benefit of Rs 44,000
For Women
Income Tax slab Old tax Old tax New tax New tax Benefit (Rs)
(Rs) rate (%) (Rs) rate (%) (Rs)
0 to 145,000 Nil 0 Nil 0
145,001 to 150,000 10 500 Nil 0 500
150,001 to 180,000 20 6,000 Nil 0 6,000
180,001 to 250,000 20 14,000 10 7,000 7,000
250,001 to 300,000 30 15,000 10 5,000 10,000
300,001 to 500,000 30 60,000 20 40,000 20,000
500,000 and above 30 30
1. A woman having an income of up to Rs 3 lakh get benefit of Rs 23,500
2. A woman having an income of up to Rs 5 lakh will get a benefit of Rs 43,500
For Senior Citizens
Income Tax slab Old tax Old tax New tax New tax Benefit (Rs)
(Rs) rate (%) (Rs) rate (%) (Rs)
0 to 195,000 Nil 0 Nil 0
195,001 to 225,000 20 6,000 Nil 0 6,000
225,001 to 250,000 20 5,000 10 2,500 2,500
250,001 to 300,000 20 15,000 10 5,000 10,000
300,001 to 500,000 30 60,000 20 40,000 20,000
500,001 and above 30 30
1. Senior citizens having an income of up to Rs 3 lakh will get a benefit of Rs
18,500
2. Senior citizens having an income of up to Rs 5 lakh will get a benefit of Rs
38,500

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