income tax rates

Page no : 7

(Guest)

Table-I
Income-tax slabs for resident individuals have been changed
Age	For AY 2007-08		For AY 2008-09
Age	Income	Tax Rate	Income	Tax Rate
a) Less than 65 years (males)	0 to 1,00,000	NIL	0 to 1,10,000	Nil
	1,00,000 to 1,50,000	10%	1,10,001 to 1,50,000	10%
	1,50,001 to 2,50,000	20% + 5,000	1,50,001 to 2,50,000	20% + 4,000
	2,50,001 & above	30% + 25,000	2,50,001 & above	30% + 24,000
b) Less than 65 years (females)	0 to 1,35,000	NIL	0 to 1,45,000	Nil
	1,35,001 to 1,50,000	10%	1,45,001 to 1,50,000	10%
	1,50,001 to 2,50,000	20% + 1,500	1,50,001 to 2,50,000	20% + 500
	2,50,001 & above	30% + 21,500	2,50,001 & above	30% + 20,500
c) Equal to 65 years or above	0 to 1,85,000	NIL	0 to 1,95,000	Nil
(male/female senior citizens)	1,85,001 to 2,50,000	20%	1,95,001 to 2,50,000	20%
	2,50,001 & above	30% + 13,000	2,50,001 & above	30% + 11,000

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(Guest)

Table-I
Income-tax slabs for resident individuals have been changed
Age	For AY 2007-08		For AY 2008-09
Age	Income	Tax Rate	Income	Tax Rate
a) Less than 65 years (males)	0 to 1,00,000	NIL	0 to 1,10,000	Nil
	1,00,000 to 1,50,000	10%	1,10,001 to 1,50,000	10%
	1,50,001 to 2,50,000	20% + 5,000	1,50,001 to 2,50,000	20% + 4,000
	2,50,001 & above	30% + 25,000	2,50,001 & above	30% + 24,000
b) Less than 65 years (females)	0 to 1,35,000	NIL	0 to 1,45,000	Nil
	1,35,001 to 1,50,000	10%	1,45,001 to 1,50,000	10%
	1,50,001 to 2,50,000	20% + 1,500	1,50,001 to 2,50,000	20% + 500
	2,50,001 & above	30% + 21,500	2,50,001 & above	30% + 20,500
c) Equal to 65 years or above	0 to 1,85,000	NIL	0 to 1,95,000	Nil
(male/female senior citizens)	1,85,001 to 2,50,000	20%	1,95,001 to 2,50,000	20%
	2,50,001 & above	30% + 13,000	2,50,001 & above	30% + 11,000

(Guest)

Hi ! guy's can anybody tell methe depreciation rates in india for the FY2007-08 as per IT Act & Companies Act.

RAMCHANDANI RAJESH J (JOB) (20 Points)
Replied 15 June 2008

dear i would like to know what is tds rates for A Y Year 2008-09 and Depreciation % for A Y year 2008-09

(Guest)

what are the slab rates of income tax of india for assesment year 2008-09

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Sumit (CA Practice ) (675 Points)
Replied 17 June 2008

Hi all

for income tax rates just go to google and type Income Tax Rates A.Yr. 2005-06 and it will show you the rates and similar for depreciation rates also.

Atleast try to find something.