03 April 2008
NEW TAX SLABS 2008-2009 RS. UPTO 150000 NIL 150001-300000 10%PLUS EDU. CESS @3% ON TAX 300001-500000 20% PLUS EDU CESS3% ON TAX 500001 AND ABOVE 30% PLUS EDU CESS@3% ON TAX A 10% SURCHARGE ON INCOME EXCEEDING RS. 10 LAKHS WOMEN- EXEMPT INCOME UPTO RS. 195000 SENIOR CITIZENS-INCOME EXEMPT UPTO RS. 225000 R.V.RAO
03 April 2008
there is change in the above ans of R v Rao for women assesee the limit is rs 180000/-exemption then from 180000 to 300000/- tax rate is 10% and remanings are same
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