28 February 2011

Personal Tax exemption limit raised by Rs 20,000




New tax slabs:
Slabs (Rs)
Rate
 1,80,000
Nil 
 1,80,000-5,00,000
10 
 5,00,000-8,00,000
20 
 8,00,001
30



Old tax slabs:
Slabs (Rs)
Rate
0 - 160000
0
160001 - 500000
10
500001 - 800000
20
800001 and above
30








Female individual taxpayer
New tax slabs:
Slabs (Rs)
Rate
 upto 1,90,000
 1,90,000-500000
10 
 500001-800000
20 
 800001 and above
30 



 Old tax slabs:
Slabs (Rs)
Rate
0 - 190000
0
190001 - 500000
10
500001 - 800000
20
800001 and above
30






Senior Citizens
New tax slabs:
Slabs (Rs)
Rate
 upto 250000
 250000-500000
10 
 500001-800000
20 
 800001 and above
30 



 Old tax slabs:
Slabs (Rs)
Rate
0 - 240000
0
240001 - 500000
10
500001 - 800000
20
800001 and above
30

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