As the Indian government has changed Income tax structure in India, here you can find what amount of tax you will have to pay.
|
Annual Income |
TAX LIABILITY |
|||||
|
|
Individuals |
Women (below 65 years) |
Senior Citizen |
|||
|
|
Pre-budget |
Post-budget |
Pre-budget |
Post-budget |
Pre-budget |
Post-budget |
|
110,000 |
- |
- |
- |
- |
- |
- |
|
145,000 |
3,605 |
- |
- |
- |
- |
- |
|
150,000 |
4,120 |
- |
515 |
- |
- |
- |
|
195,000 |
13,390 |
4,635 |
9,785 |
1,545 |
- |
- |
|
200,000 |
14,420 |
5,150 |
10,815 |
2,060 |
1,030 |
- |
|
250,000 |
24,720 |
10,300 |
21,115 |
7,210 |
11,330 |
2,575 |
|
300,000 |
40,170 |
15,450 |
36,565 |
12,360 |
26,780 |
7,725 |
|
400,000 |
71,070 |
36,050 |
67,465 |
32,960 |
57,680 |
28,325 |
|
500,000 |
101,970 |
56,650 |
98,365 |
53,560 |
88,580 |
48,925 |
|
600,000 |
132,870 |
87,550 |
129,265 |
84,460 |
119,480 |
79,825 |
|
700,000 |
163,770 |
118,450 |
160,165 |
115,360 |
150,380 |
110,725 |
|
800,000 |
194,670 |
149,350 |
191,065 |
146,260 |
181,280 |
141,625 |
|
900,000 |
225,570 |
180,250 |
221,965 |
177,160 |
212,180 |
172,525 |
|
1,000,000 |
256,470 |
211,150 |
252,865 |
208,060 |
243,080 |
203,425 |
|
1,100,000 |
316,107 |
266,255 |
312,142 |
262,856 |
301,378 |
257,758 |
|
1,200,000 |
350,097 |
300,245 |
346,132 |
296,846 |
335,368 |
291,748 |
|
1,500,000 |
452,067 |
402,215 |
448,102 |
398,816 |
437,338 |
393,718 |
|
2,000,000 |
622,017 |
572,165 |
618,052 |
568,766 |
607,288 |
563,668 |
|
2,500,000 |
791,967 |
742,115 |
788,002 |
738,716 |
777,238 |
733,618 |
|
3,000,000 |
961,917 |
912,065 |
957,952 |
908,666 |
947,188 |
903,568 |
|
3,500,000 |
1,131,867 |
1,082,015 |
1,127,902 |
1,078,616 |
1,117,138 |
1,073,518 |
|
4,000,000 |
1,301,817 |
1,251,965 |
1,297,852 |
1,248,566 |
1,287,088 |
1,243,468 |
|
4,500,000 |
1,471,767 |
1,421,915 |
1,467,802 |
1,418,516 |
1,457,038 |
1,413,418 |
|
5,000,000 |
1,641,717 |
1,591,865 |
1,637,752 |
1,588,466 |
1,626,988 |
1,583,368 |
|
5,500,000 |
1,811,667 |
1,761,815 |
1,807,702 |
1,758,416 |
1,796,938 |
1,753,318 |
|
6,000,000 |
1,981,617 |
1,931,765 |
1,977,652 |
1,928,366 |
1,966,888 |
1,923,268 |
|
6,500,000 |
2,151,567 |
2,101,715 |
2,147,602 |
2,098,316 |
2,136,838 |
2,093,218 |
|
7,000,000 |
2,321,517 |
2,271,665 |
2,317,552 |
2,268,266 |
2,306,788 |
2,263,168 |
|
7,500,000 |
2,491,467 |
2,441,615 |
2,487,502 |
2,438,216 |
2,476,738 |
2,433,118 |
|
8,000,000 |
2,661,417 |
2,611,565 |
2,657,452 |
2,608,166 |
2,646,688 |
2,603,068 |
|
8,500,000 |
2,831,367 |
2,781,515 |
2,827,402 |
2,778,116 |
2,816,638 |
2,773,018 |
|
9,000,000 |
3,001,317 |
2,951,465 |
2,997,352 |
2,948,066 |
2,986,588 |
2,942,968 |
|
9,500,000 |
3,171,267 |
3,121,415 |
3,167,302 |
3,118,016 |
3,156,538 |
3,112,918 |
|
10,000,000 |
3,341,217 |
3,291,365 |
3,337,252 |
3,287,966 |
3,326,488 |
3,282,868 |
Now to learn about tax saving plan. Kindly visit understanding tax.
[...] Posted January 31, 2009 at 11:39 pm Before reading about Tax saving, lets see how much tax you will have to pay ! [...]
Could you please tell me at what tax rate would F&O ( particularly option trading ) trading profits would be taxed.
Dear Arun,
Till date you have to pay flat 15% on all your net profits. But the tax structure will change in couple of months.