[go: up one dir, main page]
Scribd
Upload
34 views2 pages

Tax Rates Impact 953497a

The document outlines current and proposed tax slabs for individuals, women, senior citizens, and very senior citizens over age 80 in India. It shows the income thresholds for different tax rates for both the current and proposed systems. The proposed slabs widen thresholds for some income brackets and lower rates for others. An impact analysis is provided for a sample total income of 2,000,000 INR, which demonstrates tax benefits of 22,660 - 20,600 INR under the proposed slabs compared to the current system.

Uploaded by

eeeprasanna
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
34 views2 pages

Tax Rates Impact 953497a

The document outlines current and proposed tax slabs for individuals, women, senior citizens, and very senior citizens over age 80 in India. It shows the income thresholds for different tax rates for both the current and proposed systems. The proposed slabs widen thresholds for some income brackets and lower rates for others. An impact analysis is provided for a sample total income of 2,000,000 INR, which demonstrates tax benefits of 22,660 - 20,600 INR under the proposed slabs compared to the current system.

Uploaded by

eeeprasanna
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 2

Current tax slabs

Proposed tax slabs

Impact analys

Individuals
180,000
500,000
800,000

180,000
500,000
800,000

0
10%
20%
30%

32,000
60,000

200,000
500,000
1,000,000

200,000
500,000
1,000,000

0
10%
20%
30%

30,000
100,000

Women
190,000
500,000
800,000

190,000
500,000
800,000

0
10%
20%
30%

31,000
60,000

200,000
500,000
1,000,000

200,000
500,000
1,000,000

0
10%
20%
30%

30,000
100,000

250,000
500,000
800,000

0
10%
20%
30%

25,000
60,000

250,000
500,000
1,000,000

250,000
500,000
1,000,000

0
10%
20%
30%

25,000
100,000

60,000

500,000
500,000
1,000,000

500,000
500,000
1,000,000

0
10%
20%
30%

100,000

Sr citizen
250,000
500,000
800,000

Very Sr citizen above 80 year of age


500,000
500,000
800,000

500,000
500,000
800,000

NIL
Education cess

0
10%
20%
30%

10%
3%

NIL
3%

Impact analysis
Total income

2,000,000

Pre-budget tax
Post-budget tax
Benefit

465,560
442,900
22,660

Pre-budget tax
Post-budget tax
Benefit

464,530
442,900
21,630

Pre-budget tax
Post-budget tax
Benefit

458,350
437,750
20,600

Pre-budget tax
Post-budget tax
Benefit

432,600
412,000
20,600

You might also like