Friday, December 28, 2007

Individual Tax Rates for the assessment year 2008-09

Individual Tax Rates for the assessment year 2008-09
Total income Rates
Less than Rs 1,10,000
NIL
Rs 1,10,000-1,50,000
10% of the total amount above Rs 1,10,000
Rs 1,50,000-2,50,000
Rs 4,000 plus 20% of the amount above Rs 1,50,000
Above Rs 2,50,000
Rs 24,000 plus 30% of the amount above Rs 2,50,000

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