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Moneycontrol » News Center » Financial Planning
Budget Impact on Professionals
Published on Wed, Jul 01, 2009 at 20:14   |  Updated at Mon, Jul 06, 2009 at 14:14  |  Source : CNBC-TV18
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Measure: Basic exemption limit increased by Rs 10,000
The new tax slabs now stand as follows:

Male taxpayers
0 to 160000   0
160001 to 300000  10%
300001 to 500000 20%
Above 500000  30%

Female taxpayers
0 to 190000   0
190001 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
Male Female Male Female Male Female
200000 5150 2060 4120 1029 1030 1031
500000 56650 53560 55620 52529 1030 1031
1000000 211150 208060 210120 207029 1030 1031
1200000 300245 296845 271919 268829 28326 28016
1500000 402215 398815 364619 361529 37596 37286
2000000 572165 568765 519119 516029 53046 52736
2500000 742115 738715 673619 670529 68496 68186
4000000 1251965 1248565 1137119 1134029 114846 114536
In Rs















Measure: Proposes Saral 2 form to simplify tax payment
Impact: You can now look forward to simpler process while filing your tax returns

Measure: Goods and service tax from April 1, 2010
Impact: You can now gear up for a new tax regime

For more on Budget Impact, click on:

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

Important Links Today:  Leadership Wall    Chat Calendar    The 10 List   
Tags: Budget Impact ,  professionals,  budget 2009
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