Beruflich Dokumente
Kultur Dokumente
UNIVERSITY OF MUMBAI
SHETH T.J.EDUCATION SOCIETYS
SHETH N.K.T.T COLLEGE OF COMMERCE &
SHETH J.T.T COLLEGE OF ARTS, THANE (WEST)
of
completed
the project report on- DIRECT TAX During the academic year 2015
2016 Under the guidance of MS ANURADHA KAYASTH
on
submitted
PROJECT GUIDE
EXTERNAL EXAMINE
COURSE COORDINATOR
PRINCIPAL
DECLEARATION
DIRECT
TAX
under
the
guidance
of
SIGNATURE:
ACKNOWLEDGMENT
Following income tax tables indicate income tax slab for "2008-2009". The first column
indicates the income tax slab, and the second column indicates the income tax applicable on
income. Income tax indicates the percentage that needs to be paid as tax on your income.
India Income tax slabs 2008-2009 for Men
Income tax slab (in Rs.)
Tax
0 to 1,50,000
No tax
1,50,000 to 3,00,000
10%
3,00,000 to 5,00,000
20%
Above 5,00,000
30%
No tax
1,80,000 to 3,00,000
10%
3,00,000 to 5,00,000
20%
Above 5,00,000
30%
No tax
2,25,000 to 3,00,000
10%
3,00,000 to 5,00,000
20%
Above 5,00,000
30%
Main attraction - Income tax exemption limit increased. Income tax exemption limit for
senior citizens is now 2.4 lakh, for women it is 1.90 lakh and for all others the income tax
exemption limit will be 1.60 lakh.
Income tax slab base for 2009-2010 raised to 1.60 lakh for individual tax payer.
This in an increase of slab base from the earlier Rs 1.50 lakh.
For women the exemption limit according to latest tax slab will be Rs 1.90 lakh,
which is an increase of Rs 10,000 from the earlier rate of Rs 1.80 lakh.
Senior citizens will enjoy an extra Rs 15000 as the exemption limit is increased to
Rs 2.40 lakhs from an earlier 2.25 lakhs.
No tax
1,60,001 to 5,00,000
10%
5,00,001 to 8,00,000
20%
Above 8,00,000
30%
No tax
1,90,001 to 5,00,000
10%
5,00,001 to 8,00,000
20%
Above 8,00,000
30%
No tax
2,40,001 to 5,00,000
10%
5,00,001 to 8,00,000
20%
Above 8,00,000
30%