Income Tax Rates for Year 2008-09
For Males
For Females
For Senior Citizen
regards,
Gauri Tomar
From India, Delhi
16For Males
For 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 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 Citizen
For 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 Guari,
Nice posting.
I m very keen to work on income taxes & exemptions.
But have very little knowledge about it as never got opportunity to on these issues.
1. Can you please help me out in preparing form 16 for the staff.
We have 14 staff with a salary range of 8,000 to 35,000.
2. How should i design their package components so that to reduce tax burden. Please tell me the maximum exemption one can avail on various components of salary like maximum exemption on conveyance is 800 p.m.
3. I know about tax slabs for male female & sr. citizens, What is tax exemptions & how can we utilise it in reducing our taxes.
Your early reply in the matter would be highly appreciated.
Regards
Shikha Jain
From India, Bangalore
Nice posting.
I m very keen to work on income taxes & exemptions.
But have very little knowledge about it as never got opportunity to on these issues.
1. Can you please help me out in preparing form 16 for the staff.
We have 14 staff with a salary range of 8,000 to 35,000.
2. How should i design their package components so that to reduce tax burden. Please tell me the maximum exemption one can avail on various components of salary like maximum exemption on conveyance is 800 p.m.
3. I know about tax slabs for male female & sr. citizens, What is tax exemptions & how can we utilise it in reducing our taxes.
Your early reply in the matter would be highly appreciated.
Regards
Shikha Jain
From India, Bangalore
Hi Friends,
I m very keen to work on income taxes & exemptions.
But have very little knowledge about it as never got opportunity to on these issues.
1. 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.
2. How should i design their package components so that to reduce tax burden. Please tell me the maximum exemption one can avail on various components of salary like maximum exemption on conveyance is 800 p.m.
3. I know about tax slabs for male female & sr. citizens, What is tax exemptions & how can we utilise it in reducing our taxes.
Your early reply in the matter would be highly appreciated.
Regards
Smoronika
From India, Visakhapatnam
I m very keen to work on income taxes & exemptions.
But have very little knowledge about it as never got opportunity to on these issues.
1. 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.
2. How should i design their package components so that to reduce tax burden. Please tell me the maximum exemption one can avail on various components of salary like maximum exemption on conveyance is 800 p.m.
3. I know about tax slabs for male female & sr. citizens, What is tax exemptions & how can we utilise it in reducing our taxes.
Your early reply in the matter would be highly appreciated.
Regards
Smoronika
From India, Visakhapatnam
Thanx....
Good content u posted!!
can you please provide me with some more information on this??
I am fresher and this could help me to upgrade my knowledge.
my email id:
kindly do the need fill!!
Good content u posted!!
can you please provide me with some more information on this??
I am fresher and this could help me to upgrade my knowledge.
my email id:
kindly do the need fill!!
Hi Gauri,
This is Kapil Goyal, I am in payroll team. I just want to enchance my knoweldge about the tax implication. Let's take an example- My CTC is 14313/- Is there any tax implication or not? and how will you calculate my salary?
Basic -
HRA -
Conveyance -
PF (Employee)-
PF (Em[ployer)-
TDS-
Special allowance-
Regards
Kapil Goyal
From United States, New York
This is Kapil Goyal, I am in payroll team. I just want to enchance my knoweldge about the tax implication. Let's take an example- My CTC is 14313/- Is there any tax implication or not? and how will you calculate my salary?
Basic -
HRA -
Conveyance -
PF (Employee)-
PF (Em[ployer)-
TDS-
Special allowance-
Regards
Kapil Goyal
From United States, New York
Hi Sharma
Please qlikbelow link for Tax calculator, hope it will help u
http://www.taxmann.com/taxmanndit/xtras/taxcalc.aspx
From India, Bangalore
Please qlikbelow link for Tax calculator, hope it will help u
http://www.taxmann.com/taxmanndit/xtras/taxcalc.aspx
From India, Bangalore
Thank you Gauri................But like others i would be really thnak ful to you if u could mail me the tax calculator on my id 
because i wanna prepare for a functional interview which is scheduled next week......since i am also afresher i would like to know about it......
Thanking you in advance
also if anyone who is reading this has any info on tax ans salary realted thing lease email me on my id.......thanking you all.................
From India, Madras
Thanking you in advance
also if anyone who is reading this has any info on tax ans salary realted thing lease email me on my id.......thanking you all.................
From India, Madras
Hi Gauri,
I am impressed the way you have simplified the Taxation calculation together. I have some querries. Can you gime me your mail ID an then I can send you my querry in that, related to Taxation. and how much saving can we show in our earning.
Thanks:idea:
From India, New Delhi
I am impressed the way you have simplified the Taxation calculation together. I have some querries. Can you gime me your mail ID an then I can send you my querry in that, related to Taxation. and how much saving can we show in our earning.
Thanks:idea:
From India, New Delhi
Hi Gauri,This is Purnima, I am in payroll team. I just want to enchance my knoweldge about the tax implication. Let's take an example- My CTC is 200000/- Is there any tax implication or not? and how will you calculate my salary and PF?What is the procedure?Basic -HRA -Conveyance -PF (Employee)-PF (Em[ployer)-TDS-Special allowance-RegardsPurnima
From India, Hyderabad
From India, Hyderabad
just cut off ur HRA i.e entitled 2 u & PF i.e. 12% of ur basic for yr 2008-2009 from ur CTC, if there are some medical allowance then cut it from ur CTC,
After cutting all these from ur CTC u will get ur CTC under tax.
then minus 180000 from CTC under tax, u will get ammount on which u hv to pay 10% tax, But i m thinking u r not liable to pay tax..
hv a nice day.
regards
experience....
From India, Delhi
After cutting all these from ur CTC u will get ur CTC under tax.
then minus 180000 from CTC under tax, u will get ammount on which u hv to pay 10% tax, But i m thinking u r not liable to pay tax..
hv a nice day.
regards
experience....
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Income Tax Slab Rates.doc
Income tax slab 2012 to 2013.pdf