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The New Income Tax slab for the year 2008-2009.

For Males For Year 2008-2009


Taxable Annual Income Slab (In Rs.)
Tax Rate (In %)
Upto Rs. 1,50,000/- NIL
Rs. 1,50,001/- to Rs. 3,00,000/ - 10%
Rs. 3,00,001/- to Rs. 5,00,000  - 20%
Above Rs. 5,00,000/-30%



For Females For Year 2008-2009


Taxable Annual Income Slab (In Rs.) Tax Rate (In %)
Upto Rs. 1,80,000/-Nil
Rs. 1,80,001/- to Rs. 3,00,000/- 10%
Rs. 3,00,001/- to Rs. 5,00,000/- 20%
Above Rs. 5,00,000/- 30%



For Senior Citizen For Year 2008-2009


Taxable Annual Income Slab (In Rs.) Tax Rate (In %)
Upto Rs. 2,25,000/-Nil
Rs. 2,25,001/- to Rs. 3,00,000/-10%
Rs. 3,00,001/- to Rs. 5,00,000 - 20%
Above Rs. 5,00,000/-30%

To Calculate your Income Tax for the year 2008-2009 please check the following link.. 

http://gconnect.in/pages/it/it_entry_page.html

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