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Friday, February 29, 2008

And finally new income-tax slabs

I wish we have elections every year - the slabs have changed and look at the way they did... :-)

Here are the new ones:
General:
Up to Rs.150,000--------------NIL
Rs.150,001 to Rs.300,000-----10 per cent
Rs.300,001 to Rs.500,000-----20 per cent
Rs.500,001 and above---------30 per cent
Women:
Up to Rs.180,000--------------NIL
Rs.180,001 to Rs.300,000-----10 per cent
Rs.300,001 to Rs.500,000-----20 per cent
Rs.500,001 and above---------30 per cent
Senior Citizens:
Up to Rs.225,000--------------NIL
Rs.225,001 to Rs.300,000-----10 per cent
Rs.300,001 to Rs.500,000-----20 per cent
Rs.500,001 and above---------30 per cent