Invest & Save Tax and make the best use of your money!
- Under section 80C - you can invest in PF, LIC, PPF, NSC, ULIP, ELSS, Mutual Funds.
- Home Loan, LTA, Medical
- Donate for Noble cause for Charity, NGOs, National/State Relief funds and get Tax benefit under section 80G.
PS: Consult your Financial Advisor for more details.
Tax Calculation ( ASSESSMENT YEAR 2008-2009)
RELEVANT TO FINANCIAL YEAR 2007-2008 I TAX RATES FOR INDIVIDUALS OTHER THAN II & III
Upto 1,10,000 - Nil
1,10,000 to 1,50,000 - 10% of the amount exceeding 1,10,000
1,50,000 to 2,50,000 - Rs.4,000 + 20% of the amount exceeding 1,50,000
2,50,000 & above - Rs.24,000 + 30% of the amount exceeding 2,50,000
II TAX RATES FOR RESIDENT WOMAN BELOW 65 YEARS
Upto 1,45,000 - Nil
1,45,000 to 1,50,000 - 10% of the amount exceeding 1,45,000
1,50,000 to 2,50,000 - Rs.500 + 20% of the amount exceeding 1,50,000
2,50,000 & above - Rs.20,500 + 30% of the amount exceeding 2,50,000
III TAX RATES FOR INDIVIDUAL RESIDENTS AGED 65 YRS AND ABOVE
1,95,000 to 2,50,000 - 20% of the amount exceeding 1,95,000
2,50,000 & above - Rs.11,000 + 30% of the amount exceeding 2,50,000