You are here: Home » Archives for Income Tax Slab

Posts tagged as:

Income Tax Slab

Union Budget 2010: New Income Tax Rates for A.Y. 2011-12

February 26, 2010

The new income tax rates or Income tax slab applicable for F.Y. 2010-11, A.Y. 2011-12 as announced in Budget 2010 . This is very good news for taxpayer to raise the limit of 10% bracket upto 5 Lakh. Most of the people are confused about income tax rates because a lots of amendments have done [...]

Read the full article →

New Tax Code : 10% Tax upto Rs. 10 Lakh Income

August 15, 2009

A major relief to tax payer when the government on Wednesday introduced a new direct tax code that seeks to simplify the tax regime in India replacing the Income Tax Act 1961.
According to new tax code / new direct tax code 10% tax up to Rs. 10 Lakh Income.
See new income tax slab under new [...]

Read the full article →

New Income Tax Slab under New Direct Tax Code 2009

August 14, 2009

Finance Minister on Wednesday commenced essential tax reforms through a draft code that intends at toning down income tax rates.
So I am giving New Income Tax slab under New Direct Tax code 2009. However, it is proposed right now, and if it gets approval it will be applicable to A.Y. 2011-2012. Updates: (The DTC direct [...]

Read the full article →

New Income Tax Slab F.Y.2009-10 | Union Budget 2009

July 6, 2009

This day (06-july-2009) income tax exemption limit subsequent union budget 2009 for individual tax payers was increased by Rs 10,000 for Male below 65 years, women and Rs 15,000 for senior citizens (i.e. 65 years and above) by the finance minister.
The current income tax exemption limit is Rs 1.5 lakh (Rs 150,000) for men, Rs [...]

Read the full article →

Income Tax Exemption Limit Increased | Union Budget 2009 Taxation Highlights

July 6, 2009

Budget 2009 Income Tax Exemption IncreasedFinance Minister of india Pranab Mukherjee said to increase in income tax exemption limit for senior citizens by Rs.15,000, for women and others by Rs.10,000 each,
The exemption limit will now beRs.240,000 for senior citizens,Rs.190,000 for women andRs.160,000 for others.Income tax exemption limit increased, corporate tax rate unchanged
DIRECT TAXATION

[...]

Read the full article →

Income Tax Calculator

December 22, 2008

I have made some calculators which you can use online without any download. With these you can calculate your income tax, advance tax payment, interest u/s 234A, 234B, 234C. More calculators are coming soon. so please subscribe your email and mobile for latest updates.1) Income Tax Calculator for A.Y. 2008-09, A.Y. 2009-102) Income Tax Calculator [...]

Read the full article →

Income Tax Calculator with interest calculation u/s 234A, 234B., 234C

December 21, 2008

Income tax returns for individuals must be filed before July 31. That means, your income tax return for the income earned during April 2007 to March 2008 will have to be filed before the 31st of July 2008.
But don’t worry if you have missed the last date. you are not liable to any penalty but [...]

Read the full article →

Income Tax slab For The Assessment year 2009-10, tax india

November 8, 2008

Income Slab
Tax Rate

Up to Rs.1,50,000 (Male) / Up to Rs 1,80,
000 (Female) / Up to 2,25,
000 (for resident individual of 65 years or above)
NIL

Rs. 1,50,001 to Rs. 3,00,
000 (Male)/ Rs 1,80,001 to Rs 3,00,
000 (Female)
10%

Rs. 3,00,001 to Rs. 5,00,
000
20%

Rs. 5,00,001 and above
30% *

* A surcharge of 10 per cent of the total tax [...]

Read the full article →