Income tax rate 2008-2009?

Question

Income tax rate 2008-2009?

Answer 1

For FY2008-09, for salaried individuals:

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

To calculate your tax liability, download the calculator from http://prrajan-tax.blogspot.com/2008/03/...

Answer 2

check rate from the link given below a download a simple tax calculator free from the link given below for py 2007-08 and 2008-09  ....

http://simpletaxindia.blogspot.com/2008/...

Answer 3

obama will eliminate bush tax cuts and raise rates on the rich..lol..if u make 250k ur now rich, he hates rich people and big business..business pays the vast majority of taxes in the us...he will up capital gains tax..etc get ready

Answer 4

For income tax rates in India for financial year 2007-08 (assessment year 2008-09), read this

http://mytaxes.in/index.php?topic=16.0

For income tax rates in India for financial year 2008-09 (assessment year 2009-10), read this

http://mytaxes.in/index.php?topic=7.0