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gauritomar Started The Discussion:

Income Tax Rates for Year 2008-09

For Males
For Year 2008-2009


Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 1,50,000/-
Nil
Rs. 1,50,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000
20%
Above Rs. 5,00,000/-
30%



For Females
For Year 2008-2009


Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 1,80,000/-
Nil
Rs. 1,80,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000/-
20%
Above Rs. 5,00,000/-
30%



For Senior Citizen
For Year 2008-2009


Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 2,25,000/-
Nil
Rs. 2,25,001/- to Rs. 3,00,000/-
10%
Rs. 3,00,001/- to Rs. 5,00,000
20%
Above Rs. 5,00,000/-
30%



regards,
Gauri Tomar

skh.1983 -  Member Since: Aug 2007
Hi Guari,

Nice posting.
I m very keen to work on income taxes & exemptions.
But have very little knowledge about it as never got opportunity to on these issues.

1. Can you please help me out in preparing form 16 for the staff.
We have 14 staff with a salary range of 8,000 to 35,000.

2. How should i design their package components so that to reduce tax burden. Please tell me the maximum exemption one can avail on various components of salary like maximum exemption on conveyance is 800 p.m.

3. I know about tax slabs for male female & sr. citizens, What is tax exemptions & how can we utilise it in reducing our taxes.

Your early reply in the matter would be highly appreciated.

Regards
Shikha Jain

smoronika -  Member Since: Aug 2008
Hi Friends,


I m very keen to work on income taxes & exemptions.
But have very little knowledge about it as never got opportunity to on these issues.

1. Can you please help me out in preparing form 16 for the staff.
We have 14 staff with a salary range of 4,000 to 77,000.

2. How should i design their package components so that to reduce tax burden. Please tell me the maximum exemption one can avail on various components of salary like maximum exemption on conveyance is 800 p.m.

3. I know about tax slabs for male female & sr. citizens, What is tax exemptions & how can we utilise it in reducing our taxes.

Your early reply in the matter would be highly appreciated.

Regards
Smoronika

aartianand -  Member Since: Oct 2007
Hey Gauri, Please mail me the tax calculator in case u have got the same by now. My id:ananaarti@gmail.com Cheers! Aarti

ashwin rule -  Member Since: Feb 2008
Thanx....
Good content u posted!!
can you please provide me with some more information on this??
I am fresher and this could help me to upgrade my knowledge.
my email id:
kindly do the need fill!!

kpigoyal -  Member Since: Oct 2008
Hi Gauri,

This is Kapil Goyal, I am in payroll team. I just want to enchance my knoweldge about the tax implication. Let's take an example- My CTC is 14313/- Is there any tax implication or not? and how will you calculate my salary?

Basic -
HRA -
Conveyance -
PF (Employee)-
PF (Em[ployer)-
TDS-
Special allowance-

Regards
Kapil Goyal

P.N.Sharma -  Member Since: Oct 2008
Hi Please send me the Income Tax Calculator for the AY 2008-09, on my e-mail Id: pnsagra@rediffmail.com P.N.Sharma Agra

deepak tomar -  Member Since: Nov 2008
Dear I am Deepak Tomar thanks for helping me, my id is deepaktomar007@gmail.com infuture i will contanct you for more queries. bye bye

subodhp -  Member Since: Aug 2008
Hi Sharma Please qlikbelow link for Tax calculator, hope it will help u (http://www.taxmann.com/taxmanndit/xtras/taxcalc.aspx) at http://www.taxmann.com/taxmanndit/xtras/taxcalc.aspx

deeshachandan -  Member Since: Dec 2007
Thank you Gauri................But like others i would be really thnak ful to you if u could mail me the tax calculator on my id because i wanna prepare for a functional interview which is scheduled next week......since i am also afresher i would like to know about it......

Thanking you in advance

also if anyone who is reading this has any info on tax ans salary realted thing lease email me on my id.......thanking you all.................




 
 
 
 





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