Income Tax benefit from this Year 2008 and 2009

Simple Calculation and Free Tax Calculator for the year 2008 and 2009
====================================================================
I am sure you will understand this calculation. if you need any clarifications please mail me at lic_chennai@yahoo.com

For all your investment , Tax saving and Insurance needs you may contact us at 9841210868 Click here.
====================================================================


For 2007-2008 Let us take a case where the assessee's income is Rs. 6,00,000.

According to the Income Tax Slab, the first 1,10,000 is not taxable.

The next Rs. 40,000 (1,50,000-1, 00,000) is taxable @10%. So 10% of Rs. 40,000 is Rs. 4,000/-

The next 1,00,000 (2,50,000-1, 50,000) is taxable @20% .So for 1,00,000 it is Rs 20,000/-

The remaining Rs.3,50,000 (6,00,000-2, 50,000) @ 30%.So it will be Rs 1,05,000/-

Therefore, the net Income Tax Payable is Rs. 4,000 + Rs. 20,000 + Rs. 1,05,000 i.e Rs 1,29,000/-+Education Cess Extra

For 2008-2009 Let us take a case where the assessee's income is Rs. 6,00,000.
According to the Income Tax Slab, the first 1,50,000 is not taxable.

The next 1,50,000 (1,50,000-3, 00,000) is taxable @10%.So 10% of 1,50,000 is Rs 15,000/-

The next 2,00,000 (5,00,000-3, 00,000) is taxable @20%.So 20% of 2,00,000 is Rs 40,000/-

The remaining 1,00,000 (6,00,000-5, 00,000) is taxable @30%.So 30% of 1,00,000 is Rs 30,000/-

Therefore, the net Income Tax Payable is Rs. 15,000 + Rs. 40,000 + Rs. 30,000 i.e Rs85,000/-+Educatio n Cess Extra

So the benefit from this Budget for 6 lakhs salary individual is Rs 1,29,000- Rs85,000 i.e Rs 44,000/-


Download your free tax calculator for the year 2008 and 2009. s orry the link has been removed....

NRI's Service Center - Investment, Insurance , Pension and Tax Saving in Chennai.

We are Specialized in NRI investment planning. - Chennai Ph : 9841210868

• Government of India Authorized financial Advisor.
• Free investment service as we are paid by LIC.
• Specialized policies and Planes to meet every bodies need.
• LIC is One of the worlds largest investment company.
• Our Customer base is 51 million.
• We are 60 years old company.

Our Experience is our Strength.

You may call us at : 9841210868

or Email us at : lic_chennai@yahoo.com

To know more about us visit : http://lic4chennai.blogspot.com/

LIC of India - 50 years old insurance company in Chennai

Professional Insurance service in Chennai.
For all your insurance, Investment and Tax saving services we are just a phone call away.

You can reach us at- 9841210868

or sms LIC to 9841210868

or mail us at : lic_chennai@yahoo.com

We assure you quick and easy processing in 24 to 48 hours.

Why LIC of India?

LIC of India is not here for profit but for people.
We have you in our mind not money.

1. World’s largest Insurance company with 220 million happy customers.
2. Highest return rate than most of the insurance company in the world.
3. Quickest service.
4. Largest network in India.
5. Your money has the assurance of Indian Government.
6. Varities of Policies to match everyone’s need.
7. Flexible payment options. (Monthly, Quarterly, Half yearly, Annually and
salary detection etc..)

If you are living in and around chennai contact us at : 9841210868

Why do we need insurance?,,, http://chennai-insurance.blogspot.com/