New income Tax rates - Budget 2008

Published in February 29th, 2008

New income Tax rates - Budget 2008
FM has provided some relief to all tax payers and has kept up to their expectations increasing Tax slabs
New Income Tax Rates
100000 - 1.5 Lakh = No Tax
150000 - 3 Lakh = 10%
300000 - 5 Lakh = 20%
500000 above = 30%
The personal income tax exemption limit for women is up from Rs 1.45 lakh to Rs 1.8 lakh and for senior citizens, it’s up from Rs 1.95 lakh to Rs 2.25 lakh.

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