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Budget 2009 : New Tax Policy

Budget 2009 : New Tax Policy

The Government on Monday raised the basic exemption limit for male taxpayers and female taxpayers by Rs 10,000 and that of senior citizens by Rs 15,000. With this the new tax slabs will be like this

For Male Tax Payers
Rs 0 to 160000 0 %
Rs 160001 to 300000 10%
Rs 300001 to 500000 20%
Rs 500000 and above 30%

For Female Tax Payers
Rs 0 to 190000 0 %
Rs 190001 to 300000 10%
Rs 300001 to 500000 20%
Rs 500000 and above 30%

For Senior Citizen Tax Payers
Rs 0 to 240000 0 %
Rs 240001 to 300000 10%
Rs 300001 to 500000 20%
Rs 500000 and above 30%

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