Income Tax Slab for Men (for resident men below 65 years age):
Upto Rs. 1,50,000 – NIL
From Rs. 1,50,000 to Rs. 3,00,000 – 10%
From Rs. 3,00,001 to Rs. 5,00,000 – 20%
Above Rs 5,00,001 – 30%
Income Tax for Women (for resident women below 65 years age):
Upto Rs. 1,80,000 – NIL
From Rs. 1,80,001 to Rs. 3,00,000 – 10%
From Rs. 3,00,001 to Rs. 5,00,000 – 20%
Above Rs 5,00,001 – 30%
Income Tax for Senior Citizen (for resident individual of 65 years or above):
Upto Rs. 2,25,000 – NIL
From Rs. 2,25,001 to Rs. 3,00,000 – 10%
From Rs. 3,00,001 to Rs. 5,00,000 – 20%
Above Rs 5,00,001 – 30%
Filed under: Income Tax Slabs | Tagged: Income Tax Slabs, new tax slabs, tax for 2008-2009