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I / TAX

On 29-2-2008 BUDGET – 2008-09


PERSONAL TAX GENERAL Women Men
Below &Women
age 65 above age 65
INCOME UPTO Rs . 1,50,000/- Nil Nil Nil
Above 1,50,000 Upto 1,80,000/- 10% Nil Nil
Above 1,80,000 Upto 2,25,000/- 10% 10% Nil
Above 2,25,000 upto 3,00,000/- 10% 10% 10%
Above3,00,000 upto 5,00,000/- 20% 20% 20%
Above 5,00,000 upto 10,00,000/ 30% 30% 30%
Above 10,00,000 30% +10% 30% +10% 30% +10%
surcharge surcharge surcharge

Note:
Annual premium paid towards health
insurance will be tax free U/S 80D
1) Rs. 15,000 for self, pause &
children. In addition
2) Rs. 15,000 for parents.

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