Income Tax Rates for the Year 2008-09
For Males
For the Year 2008-2009
Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 1,50,000/-
Nil
Rs. 1,50,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000
20%
Above Rs. 5,00,000/-
30%
For Females
For the Year 2008-2009
Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 1,80,000/-
Nil
Rs. 1,80,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000/-
20%
Above Rs. 5,00,000/-
30%
For Senior Citizens
For the Year 2008-2009
Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 2,25,000/-
Nil
Rs. 2,25,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000
20%
Above Rs. 5,00,000/-
30%
Regards,
Gauri Tomar
From India, Delhi
16For Males
For the Year 2008-2009
Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 1,50,000/-
Nil
Rs. 1,50,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000
20%
Above Rs. 5,00,000/-
30%
For Females
For the Year 2008-2009
Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 1,80,000/-
Nil
Rs. 1,80,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000/-
20%
Above Rs. 5,00,000/-
30%
For Senior Citizens
For the Year 2008-2009
Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 2,25,000/-
Nil
Rs. 2,25,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000
20%
Above Rs. 5,00,000/-
30%
Regards,
Gauri Tomar
From India, Delhi
Hi Gauri,
Nice post. I am very keen to work on income taxes and exemptions but have very little knowledge about it as I never got the opportunity to work on these issues.
Can you please help me out in preparing Form 16 for the staff? We have 14 staff members with a salary range of 8,000 to 35,000.
How should I design their package components to reduce the tax burden? Please inform me about the maximum exemption one can avail on various components of salary, like the maximum exemption on conveyance being 800 p.m.
I am aware of the tax slabs for male, female, and senior citizens. What are tax exemptions, and how can we utilize them to reduce our taxes?
Your prompt response to this matter would be highly appreciated.
Regards,
Shikha Jain
Email: skh.1983@gmail.com
From India, Bangalore
Nice post. I am very keen to work on income taxes and exemptions but have very little knowledge about it as I never got the opportunity to work on these issues.
Can you please help me out in preparing Form 16 for the staff? We have 14 staff members with a salary range of 8,000 to 35,000.
How should I design their package components to reduce the tax burden? Please inform me about the maximum exemption one can avail on various components of salary, like the maximum exemption on conveyance being 800 p.m.
I am aware of the tax slabs for male, female, and senior citizens. What are tax exemptions, and how can we utilize them to reduce our taxes?
Your prompt response to this matter would be highly appreciated.
Regards,
Shikha Jain
Email: skh.1983@gmail.com
From India, Bangalore
Hi Friends,
I'm very keen to work on income taxes and exemptions. However, I have very little knowledge about it as I never got the opportunity to work on these issues.
1. Can you please help me out in preparing Form 16 for the staff? We have 14 staff members with a salary range of $4,000 to $77,000.
2. How should I design their package components to reduce the tax burden? Please advise on the maximum exemption one can avail on various components of salary. For example, the maximum exemption on conveyance is $800 per month.
3. I am aware of the tax slabs for male, female, and senior citizens. What are tax exemptions, and how can we utilize them to reduce our taxes?
Your early reply in this matter would be highly appreciated.
Regards,
Smoronika
From India, Visakhapatnam
I'm very keen to work on income taxes and exemptions. However, I have very little knowledge about it as I never got the opportunity to work on these issues.
1. Can you please help me out in preparing Form 16 for the staff? We have 14 staff members with a salary range of $4,000 to $77,000.
2. How should I design their package components to reduce the tax burden? Please advise on the maximum exemption one can avail on various components of salary. For example, the maximum exemption on conveyance is $800 per month.
3. I am aware of the tax slabs for male, female, and senior citizens. What are tax exemptions, and how can we utilize them to reduce our taxes?
Your early reply in this matter would be highly appreciated.
Regards,
Smoronika
From India, Visakhapatnam
Thank you for the content you posted! Could you please provide me with some more information on this? I am a fresher, and this could help me upgrade my knowledge.
My email id is:
.
Kindly do the needful!
My email id is:
Kindly do the needful!
Hi Gauri,
This is Kapil Goyal, and I am in the payroll team. I just want to enhance my knowledge about the tax implications. Let's take an example - My CTC is 14313/-. Are there any tax implications or not? And how will you calculate my salary?
- Basic
- HRA
- Conveyance
- PF (Employee)
- PF (Employer)
- TDS
- Special allowance
Regards,
Kapil Goyal
From United States, New York
This is Kapil Goyal, and I am in the payroll team. I just want to enhance my knowledge about the tax implications. Let's take an example - My CTC is 14313/-. Are there any tax implications or not? And how will you calculate my salary?
- Basic
- HRA
- Conveyance
- PF (Employee)
- PF (Employer)
- TDS
- Special allowance
Regards,
Kapil Goyal
From United States, New York
Hi Sharma,
Please click on the link below for the Tax Calculator. I hope it will be helpful for you.
[http://www.taxmann.com/taxmanndit/xtras/taxcalc.aspx](http://www.taxmann.com/taxmanndit/xtras/taxcalc.aspx)
From India, Bangalore
Please click on the link below for the Tax Calculator. I hope it will be helpful for you.
[http://www.taxmann.com/taxmanndit/xtras/taxcalc.aspx](http://www.taxmann.com/taxmanndit/xtras/taxcalc.aspx)
From India, Bangalore
Thank you, Gauri. But like others, I would be really thankful to you if you could email me the tax calculator on my ID 
because I want to prepare for a functional interview scheduled for next week. Since I am also a fresher, I would like to know more about it.
Thanking you in advance. Also, if anyone reading this has any information on tax and salary-related things, please email me on my ID. Thanking you all.
From India, Madras
Thanking you in advance. Also, if anyone reading this has any information on tax and salary-related things, please email me on my ID. Thanking you all.
From India, Madras
Hi Gauri,
I am impressed by the way you have simplified the taxation calculation process. I have some queries. Could you please provide me with your email address so that I can send you my query related to taxation and inquire about the amount of savings we can reflect in our earnings?
Thanks :idea:
From India, New Delhi
I am impressed by the way you have simplified the taxation calculation process. I have some queries. Could you please provide me with your email address so that I can send you my query related to taxation and inquire about the amount of savings we can reflect in our earnings?
Thanks :idea:
From India, New Delhi
Hi Gauri,
This is Purnima, I am in the payroll team. I just want to enhance my knowledge about the tax implications. Let's take an example - My CTC is 200000/-. Are there any tax implications or not? How will you calculate my salary and PF? What is the procedure?
Basic - HRA - Conveyance - PF (Employee) - PF (Employer) - TDS - Special Allowance -
Regards,
Purnima
From India, Hyderabad
This is Purnima, I am in the payroll team. I just want to enhance my knowledge about the tax implications. Let's take an example - My CTC is 200000/-. Are there any tax implications or not? How will you calculate my salary and PF? What is the procedure?
Basic - HRA - Conveyance - PF (Employee) - PF (Employer) - TDS - Special Allowance -
Regards,
Purnima
From India, Hyderabad
Just deduct your HRA, which is entitled to you, and PF, i.e., 12% of your basic for the year 2008-2009, from your CTC. If there are any medical allowances, then deduct them from your CTC. After deducting all these from your CTC, you will get your CTC under tax. Then subtract 180,000 from the CTC under tax. You will get the amount on which you have to pay 10% tax. But I am thinking you are not liable to pay tax.
Have a nice day.
Regards,
Experience
From India, Delhi
Have a nice day.
Regards,
Experience
From India, Delhi
Just cut off your HRA, i.e., entitled to you, and PF, i.e., 12% of your basic for the year 2008-2009, from your CTC. If there are some medical allowances, then deduct them from your CTC.
After deducting all these from your CTC, you will get your CTC under tax. Then subtract 180,000 from the CTC under tax; you will get the amount on which you have to pay 10% tax. But I'm thinking you are not liable to pay tax.
Have a nice day.
Regards,
Experience.
From India, Delhi
After deducting all these from your CTC, you will get your CTC under tax. Then subtract 180,000 from the CTC under tax; you will get the amount on which you have to pay 10% tax. But I'm thinking you are not liable to pay tax.
Have a nice day.
Regards,
Experience.
From India, Delhi
Dear Gauri,
Thank you for the information. I have a query on UK Tax. Could you please help me out if you have information on the same? Basically, I am in HR and deploy people to the UK. I need to understand UK Taxation as we are starting a new concept in deputation.
I would appreciate your response.
Regards,
Sheetal Modak
Thank you for the information. I have a query on UK Tax. Could you please help me out if you have information on the same? Basically, I am in HR and deploy people to the UK. I need to understand UK Taxation as we are starting a new concept in deputation.
I would appreciate your response.
Regards,
Sheetal Modak
Hello Gauri, Thanx for slab information, its very important to all of them, tell me abt you.
From India, Pune
From India, Pune
thank you mam this information is really useful for me. i am looking tax slabs for 2008-2009 from pass 10 to 12 days now i got it from you thank you so much sourav gupta
From India, Delhi
From India, Delhi
Subject: Income Tax Calculation Request
Dear Sir/Madam,
I would appreciate it if you could kindly calculate the income tax for me based on the following particulars and email the details to me at jtochn609@bsnl.in:
MY GROSS SALARY: $414,029
TRANSPORT ALLOWANCE: $6,000
PROF TAX: $1,200
SAVINGS UNDER VIA: $100,000
HOUSING LOAN INTEREST: $56,000
Thank you for your assistance.
Warm regards,
Kalidas
From India, Pune
Dear Sir/Madam,
I would appreciate it if you could kindly calculate the income tax for me based on the following particulars and email the details to me at jtochn609@bsnl.in:
MY GROSS SALARY: $414,029
TRANSPORT ALLOWANCE: $6,000
PROF TAX: $1,200
SAVINGS UNDER VIA: $100,000
HOUSING LOAN INTEREST: $56,000
Thank you for your assistance.
Warm regards,
Kalidas
From India, Pune
Can you please help me out in preparing form 16 for the staff. We have 14 staff with a salary range of 4,000 to 77,000 & how that people save tds on their salary
From India, Ludhiana
From India, Ludhiana
Can you please help me out in preparing form 16 for the staff. We have 14 staff with a salary range of 4,000 to 77,000.
From India, Ludhiana
From India, Ludhiana
Dear Gauri,
Really good post. I'm also very keen on income tax. Other than that, I do very well, hahahha. But please tell me, if I earn Rs. 17,000/- per month (Rs. 17,000 x 12 = Rs. 204,000), and I have an insurance policy (Rs. 6,000 per six months), I have to pay Rs. 19,200 to the income tax department. You can send me an email at sandesh2tej@gmail.com. Anybody can reply to me, please. I want to save on my taxes. How can I do that?
Note: I live in Delhi.
Sandesh
From India, Delhi
Really good post. I'm also very keen on income tax. Other than that, I do very well, hahahha. But please tell me, if I earn Rs. 17,000/- per month (Rs. 17,000 x 12 = Rs. 204,000), and I have an insurance policy (Rs. 6,000 per six months), I have to pay Rs. 19,200 to the income tax department. You can send me an email at sandesh2tej@gmail.com. Anybody can reply to me, please. I want to save on my taxes. How can I do that?
Note: I live in Delhi.
Sandesh
From India, Delhi
Dear Team, I want to study on Uk/US payroll, kindly help me if one know any ref. from where i can have knoweldge about this. Regards Sachin
From India, Delhi
From India, Delhi
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Income tax and form 16.xls