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  • Tax Rates Impact 953497a

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    eeeprasanna
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    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.

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    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.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    8 views2 pages

    Tax Rates Impact 953497a

    Uploaded by

    eeeprasanna
    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.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 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

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