Mar 2, 2008

A simple comparison of tax calculation on Pre & Post Budget basis

A simple comparison of tax calculation on Pre & Post Budget Basis

Invest in Mutual Fund – Transact Online            Invest in Mutual Fund - Offline

 

Annual Income

Tax liability

 

Individuals

Women (below 65 years)

Senior Citizen

 

Pre- budget

Post-budget

Pre-budget

Post-budget

Pre-budget

Post-budget

110,000

-

-

-

-

-

-

145,000

3,605

-

-

-

-

-

150,000

4,120

-

515

-

-

-

195,000

13,390

4,635

9,785

1,545

-

-

200,000

14,420

5,150

10,815

2,060

1,030

-

250,000

24,720

10,300

21,115

7,210

11,330

2,575

300,000

40,170

15,450

36,565

12,360

26,780

7,725

400,000

71,070

36,050

67,465

32,960

57,680

28,325

500,000

101,970

56,650

98,365

53,560

88,580

48,925

600,000

132,870

87,550

129,265

84,460

119,480

79,825

700,000

163,770

118,450

160,165

115,360

150,380

110,725

800,000

194,670

149,350

191,065

146,260

181,280

141,625

900,000

225,570

180,250

221,965

177,160

212,180

172,525

1,000,000

256,470

211,150

252,865

208,060

243,080

203,425

1,100,000

316,107

266,255

312,142

262,856

301,378

257,758

1,200,000

350,097

300,245

346,132

296,846

335,368

291,748

1,500,000

452,067

402,215

448,102

398,816

437,338

393,718

2,000,000

622,017

572,165

618,052

568,766

607,288

563,668

2,500,000

791,967

742,115

788,002

738,716

777,238

733,618

3,000,000

961,917

912,065

957,952

908,666

947,188

903,568

3,500,000

1,131,867

1,082,015

1,127,902

1,078,616

1,117,138

1,073,518

4,000,000

1,301,817

1,251,965

1,297,852

1,248,566

1,287,088

1,243,468

4,500,000

1,471,767

1,421,915

1,467,802

1,418,516

1,457,038

1,413,418

5,000,000

1,641,717

1,591,865

1,637,752

1,588,466

1,626,988

1,583,368

5,500,000

1,811,667

1,761,815

1,807,702

1,758,416

1,796,938

1,753,318

6,000,000

1,981,617

1,931,765

1,977,652

1,928,366

1,966,888

1,923,268

6,500,000

2,151,567

2,101,715

2,147,602

2,098,316

2,136,838

2,093,218

7,000,000

2,321,517

2,271,665

2,317,552

2,268,266

2,306,788

2,263,168

7,500,000

2,491,467

2,441,615

2,487,502

2,438,216

2,476,738

2,433,118

8,000,000

2,661,417

2,611,565

2,657,452

2,608,166

2,646,688

2,603,068

8,500,000

2,831,367

2,781,515

2,827,402

2,778,116

2,816,638

2,773,018

9,000,000

3,001,317

2,951,465

2,997,352

2,948,066

2,986,588

2,942,968

9,500,000

3,171,267

3,121,415

3,167,302

3,118,016

3,156,538

3,112,918

10,000,000

3,341,217

3,291,365

3,337,252

3,287,966

3,326,488

3,282,868

Note: Surcharge @ 10% has been added for income above Rs 10 lakh. All income slabs are subject to education cess @ 3%.

0 comments: