Tuesday, January 22, 2008

Income Tax - Save today

It's Tax time!
Invest & Save Tax and make the best use of your money!
Tax Calculator - http://www.laws4india.com/calculator-i.asp (Excel)


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

Upto 1,95,000 - Nil
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


Related Websites:
http://incometaxindia.gov.in/
http://www.taxmann.com/
http://www.laws4india.com/
http://www.incometaxbangalore.org/taxinfo/taxrates.htm
http://www.mutualfundsindia.com/
http://www.amfiindia.com/
http://en.wikipedia.org/wiki/Income_tax_in_India

No comments:

Tip: Save Power - Set your monitor with 'BLACK' background screen and this will SAVE 20-30% of power - Minimise all Windows when not in use. Switch of the Monitor when not in use. Find more here


Thanks for visiting my Blog!!!
See you and come back again!


Disclaimer: The contents are purely imaginary and not to be taken personally. Please provide constructive comments to improve