Budget Impact: Senior Citizens

Measure: Basic exemption limit increased by Rs 15,000
Senior citizens
0 to 240000   0
240001 to 300000  10%
300001 to 500000 20%
Above 500000  30%

Impact: You save taxes! Here's is how much tax you would save

Taxable income (Rs)	Tax before budget	Tax after budget	Difference
200000	0	0	0
500000	49875	47379	2496
1000000	203424	201879	1545
1200000	291746	263679	28067
1500000	393716	356379	37337
2000000	563667	510879	52788
2500000	733617	665379	68238
4000000	1243467	1128879	114588
			In Rs

 

 

 

 

 

 

Measure: Cuts custom duty on medical equipments; cuts customs duty on some life saving drugs
Impact: Health care to become cheaper

For more on Budget Impact, click on:

Students  | Senior citizens  | Investors  | Small businesses  | Professionals  | Salaried  | Housewives