New Tax Rates Announced in Budget 2009: How Will They Affect You?

Dear Friends,

Please find attached the new tax rates announced by the Finance Minister in today's Budget.

Regards,
Rapolu HS

Dear All,

If an employee delivers excellent business results, what type of incentive scheme is typically implemented to reward such outstanding performance?

I need a little more clarity. If the salary is 500,000, out of which 100,000 is the 80C deduction, 160,000 is exempted out of the remaining 400,000. So now, the remaining, i.e., 240,000, is the actual taxable income, right? Hence, now the person's taxable income is 240,000/-, i.e., 10% of this is the actual tax for the person. Please correct me if I am wrong.

Many Thanks!

Dear Rapolu HS,

Please find the attachment for the new tax rates announced by the Finance Minister in today's Budget.

Regards,
Rapolu HS

Dear Rapolu HS,

Could you also please provide the tax implications between the interim budget and the final budget? Additionally, could you list all the different types of taxes that an individual or organization (of any type) has to pay?

Thanks and Regards,
Pooja