Union Budget 2008 – Income Taxes reduced

The old tax slabs were: Upto Rs 1,10,000 – Nil Rs 1,10,001 – Rs 1,50,000 – 10% Rs 1,50,001 – Rs 2,50,000 – 20% Above Rs. 2,50,000 – 30% The new tax slabs are: Upto Rs 1,50,000 – Nil Rs 1,50,001 – Rs 3,00,000 – 10% Rs 3,00,001 – Rs 5,00,000 – 20% Above Rs […]