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Wednesday, March 10, 2010

India Income Tax Slabs and Savings


Men

Income (Rs)

Tax Payable (Rs)

Saving

Old Slab

New Slab

%

161,000

100

100

0.00%

250,000

9,000

9,000

0.00%

300,000

14,000

14,000

0.00%

400,000

34,000

24,000

29.41%

450,000

44,000

29,000

34.09%

500,000

54,000

34,000

37.04%

550,000

69,000

44,000

36.23%

600,000

84,000

54,000

35.71%

750,000

129,000

84,000

34.88%

800,000

144,000

94,000

34.72%

850,000

159,000

109,000

31.45%

900,000

174,000

124,000

28.74%

950,000

189,000

139,000

26.46%

1,000,000

204,000

154,000

24.51%

1,050,000

219,000

169,000

22.83%

1,100,000

234,000

184,000

21.37%

1,150,000

249,000

199,000

20.08%

1,200,000

264,000

214,000

18.94%

1,250,000

279,000

229,000

17.92%

1,300,000

294,000

244,000

17.01%

1,350,000

309,000

259,000

16.18%

1,400,000

324,000

274,000

15.43%

1,450,000

339,000

289,000

14.75%

1,500,000

354,000

304,000

14.12%


Women

Income (Rs)

Tax Payable (Rs)

Saving %

Old Slab

New Slab

191,000

100

100

0.00%

250,000

6,000

6,000

0.00%

300,000

11,000

11,000

0.00%

400,000

31,000

21,000

32.26%

450,000

41,000

26,000

36.59%

500,000

51,000

31,000

39.22%

550,000

66,000

41,000

37.88%

600,000

81,000

51,000

37.04%

750,000

126,000

81,000

35.71%

800,000

141,000

91,000

35.46%

850,000

156,000

106,000

32.05%

900,000

171,000

121,000

29.24%

950,000

186,000

136,000

26.88%

1,000,000

201,000

151,000

24.88%

1,050,000

216,000

166,000

23.15%

1,100,000

231,000

181,000

21.65%

1,150,000

246,000

196,000

20.33%

1,200,000

261,000

211,000

19.16%

1,250,000

276,000

226,000

18.12%

1,300,000

291,000

241,000

17.18%

1,350,000

306,000

256,000

16.34%

1,400,000

321,000

271,000

15.58%

1,450,000

336,000

286,000

14.88%

1,500,000

351,000

301,000

14.25%


Senior Citizens

Income (Rs)

Tax Payable (Rs)

Saving

Old Slab

New Slab

%

251,000

100

100

0.00%

275,000

2,500

2,500

0.00%

300,000

5,000

5,000

0.00%

400,000

25,000

15,000

40.00%

450,000

35,000

20,000

42.86%

500,000

45,000

25,000

44.44%

550,000

60,000

35,000

41.67%

600,000

75,000

45,000

40.00%

750,000

120,000

75,000

37.50%

800,000

135,000

85,000

37.04%

850,000

150,000

100,000

33.33%

900,000

165,000

115,000

30.30%

950,000

180,000

130,000

27.78%

1,000,000

195,000

145,000

25.64%

1,050,000

210,000

160,000

23.81%

1,100,000

225,000

175,000

22.22%

1,150,000

240,000

190,000

20.83%

1,200,000

255,000

205,000

19.61%

1,250,000

270,000

220,000

18.52%

1,300,000

285,000

235,000

17.54%

1,350,000

300,000

250,000

16.67%

1,400,000

315,000

265,000

15.87%

1,450,000

330,000

280,000

15.15%

1,500,000

345,000

295,000

14.49%


via Rediff