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Hi, Can any once provide the Tax slab for the financial year 2007-2008, and I wnat to know what is the exemption for savings.
How to easily calculate Income tax slab for financial year…
Money – Below is all the information for you to easily calculate Income tax slab for financial year 2007-2008 assessment year 20008-2009 as per the Indian Income Tax Department publications. Taxable income slab (Rs.) Rate (%) 1,10,000 (individuals other than women/senior citizens) NIL 1,45,000 (for women) NIL 1,85,000 (for senior citizens) NIL 1,10,

Please find the Tax Slab rates for 2007-08 details as given below. and i have attached the Income tax calculator for 2007-08.In this sheet the savings and Exemptions details available.Please refer.
Taxable income slab (Rs.) Rate (%)
1,00,000 -NIL
1,35,000 (for women) NIL
1,85,000 (for senior citizens) NIL
1,00,001 - 1,50,000- 10%
1,50,001 - 2,50,000 -20%
2,50,001 upwards-30%
Hope this clarifies.regards veni

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