UNION BUDGET 2010
: New tax slab. Now maximum of Rs. 50
thousand plus you can save on tax.
|
Comparison of
New Tax slab and Current Tax |
 |
 |
 |
|
Income (Rs.) |
Current Tax (Rs.) |
New Tax |
You save tax (Rs.) |
|
1 lakh |
0 |
0 |
0 |
|
2 lakh |
4000 |
4000 |
0 |
|
3 lakh |
14000 |
14000 |
0 |
|
4 lakh |
34000 |
24000 |
10000 |
|
5 lakh |
54000 |
34000 |
20000 |
|
6 lakh |
84000 |
54000 |
30000 |
|
7 lakh |
114000 |
74000 |
40000 |
|
8 lakh |
144000 |
94000 |
50000 |
|
|
Loss/
Profit in Petrol expenditure with respect to tax saving
One who drive his bike for 50 Kilometer per day
then how much he will affected with petrol price hike. |
 |
|
Income (Rs.) |
Saving (Rs.) |
Petrol |
Loss/Profit (Rs.) |
|
1 lakh |
0 |
360 |
-360 |
|
2 lakh |
0 |
360 |
-360 |
|
3 lakh |
0 |
360 |
-360 |
|
4 lakh |
10000 |
360 |
9640 |
|
5 lakh |
20000 |
360 |
19640 |
|
6 lakh |
30000 |
1800 |
28200 |
|
7 lakh |
40000 |
1800 |
38200 |
|
8 lakh |
50000 |
1800 |
48200 |
|
 |
 |
UNION BUDGET 2010 Top
Highlisghts
Good luck
to high salaried persons : Now maximum of
Rs. 50 thousand plus you can save on tax.
Net service gains seen at Rs 3,000 cr in FY11
Now Service tax to GDP ratio 1%
Fresh services to be under service tax
Excise duty on solar panels
Unchanged at Service tax 10%, reason : maintain stimulus
Rs 43,500 cr Grow: Excise revenues up