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DEDUCTION
by Ravi J on Mar 03, 2007 12:03 PM   Permalink | Hide replies

DEAR SIR/MADAM
THIS IS RAVI JEAURKAR, I WANT TO KNOW, HOW MUCH DEDUCTION ARE EXEMTION IN THIS BUDGET 2007
REGDS
RAVI

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  RE:DEDUCTION
by Rajesh S on Mar 04, 2007 08:18 AM   Permalink
Not sure I got your question...
This would be the Income Tax slab for you.
0 %u2013 Rs.1,10,000 - NIL
Rs.1,10,001 - Rs.1,50,000 - 10%
Rs.1,50,001 - Rs.2,50,000 - 20%
Above Rs.2,50,000 - 30%

In case you are above 65 years the following will apply.
0 %u2013 Rs.1,95,000 - NIL
Rs.1,95,001 - Rs.2,50,000 - 20%
Above Rs.2,50,000 - 30%

http://www.ichp.in/forum/topic.asp?TOPIC_ID=216

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  RE:RE:DEDUCTION
by Rakesh Nath on Mar 04, 2007 06:07 PM   Permalink
Mr. Rajesh,
Thanks for providing the details. I have one doubt those data is for monthly income or yearly income. please explain. Thanks

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  RE:RE:RE:DEDUCTION
by Amit Khanna on Mar 04, 2007 07:10 PM   Permalink
Hi Ravi,

This is as per annual income. Income Tax slabs are always as per the annual income.

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