Search Now

Recommendations

Monday, August 17, 2009

Proposed Income Tax 2009 - Table


PROPOSED SLABS
Income (Rs)

Existing
Tax (%)

Proposed Tax

MALE
Up to 1,60,000 Nil Nil
1,60,001 -3,00,000 10 10% of the amount by which the total income exceeds Rs 1,60,000
3,00,001-5,00,000 20 10% of the amount by which the total income exceeds Rs 1,60,000
5,00,001-10,00,000 30 10% of the amount by which the total income exceeds Rs 1,60,000
10,00,001-25,00,000 30 Rs 84,000 plus 20% of the amount by which the total income
exceeds Rs 10,00,000
Above 25,00,000 30 Rs 3,84,000 plus 30% of the amount by which the total income
exceeds Rs 25,00,000
FEMALE
Up to 1,90,000 Nil Nil
1,90,001 - 3,00,000 10 10% of the amount by which the total income exceeds Rs 1,90,000
3,00,001-5,00,000 20 10% of the amount by which the total income exceeds Rs 1,90,000
5,00,001-10,00,000 30 10% of the amount by which the total income exceeds Rs 1,90,000
10,00,001-25,00,000 30 Rs 81,000 plus 20% of the amount by which the total income
exceeds Rs 10,00,000
Above 25,00,000 30 Rs 381,000 plus 30% of the amount by which the total income
exceeds Rs 25,00,000
SENIOR CITIZEN
Up to 2,40,000 Nil Nil
2,40,001 - 3,00,000 10 10% of the amount by which the total income exceeds Rs 2,40,000
3,00,001-5,00,000 20 10% of the amount by which the total income exceeds Rs 2,40,000
5,00,001-10,00,000 30 10% of the amount by which the total income exceeds Rs 2,40,000
10,00,001-25,00,000 30 Rs 76,000 plus 20% of the amount by which the total income exceeds
Rs 10,00,000
Above 25,00,000 30 Rs 3,76,000 plus 30% of the amount by which the total income
exceeds Rs 25,00,000