C

heck out how your personal Income Tax will work after the Budget
proposals made by Finance Minister P Chidambaram:

Comparison of Tax liabilities pre-Budget and postBudget

For Men
Income
Tax slab
(Rs)

Old tax
rate (%)

Old tax
(Rs)

New tax
rate (%)

New tax
(Rs)

Benefit
(Rs)

0 to
110,000
110,001 to
150,000

Nil

Nil

10

4,000

Nil

4,000

150,001 to
250,000

20

20,000

10

10,000

10,000

250,001 to
300,000

30

15,000

10

5,000

10,000

300,001 to
500,000

30

60,000

20

40,000

20,000

500,001
and above

30

30

1. A person having an income of up to Rs 3 lakh will get a

benefit of Rs 24,000
2. A person having an income of up to Rs 5 lakh will get a
benefit of Rs 44,000
For
Women
Income
Old tax
Old tax New tax New tax Benefit
Tax slab rate (%)
(Rs)
rate (%)
(Rs)
(Rs)
(Rs)
0 to
145,000
145,001 to
150,000

Nil

Nil

10

500

Nil

500

150,001 to
180,000

20

6,000

Nil

6,000

180,001 to
250,000

20

14,000

10

7,000

7,000

250,001 to
300,000

30

15,000

10

5,000

10,000

300,001 to
500,000

30

60,000

20

40,000

20,000

500,000
and above

30

30

1. A woman having an income of up to Rs 3 lakh get benefit of

Rs 23,500
2. A woman having an income of up to Rs 5 lakh will get a
benefit of Rs 43,500
For
Senior
Citizens
Income
Tax slab
(Rs)

Old tax
rate (%)

Old tax
(Rs)

New tax
rate (%)

New tax
(Rs)

Benefit
(Rs)

0 to
195,000
195,001 to
225,000

Nil

Nil

20

6,000

Nil

6,000

225,001 to
250,000

20

5,000

10

2,500

2,500

250,001 to
300,000

20

15,000

10

5,000

10,000

300,001 to
500,000

30

60,000

20

40,000

20,000

500,001
and above

30

30

1. Senior citizens having an income of up to Rs 3 lakh will get

a benefit of Rs 18,500
2. Senior citizens having an income of up to Rs 5 lakh will get
a benefit of Rs 38,500