Executive Accounts
Finance Executive

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
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.
From India , Hyderabad
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,

From India , Coimbatore
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

From India , Madras
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™