Monday, July 21, 2008

Income Tax Rates For FY 2005-06 & 2006-07

For Men & HUF:
0 - - 1,00,000 Nil
1,00,001 - 1,50,000 10%
1,50,001 - 2,50,000 20%
More than 2,50,001 30%

For Women
0 - 1,35,000 Nil
1,35,001 - 1,50,000 10%
1,50,001 - 2,50,000 20%
More than 2,50,001 30%

For Senior Citizen
0 - 1,85,000 Nil
1,85,001 - 2,50,000 20%
More than 2,50,001 30%

Note:
*Surcharge @ 10% applicable if total income exceeds Rs. 8.5 lakh for A.Y. 2005-06 and Rs. 10 lakh for A.Y. 2006-07.
*There is a new section 80C according to which a person can get rebate upto Rs. 1,00,000 against insurance premium, PF contributions and other such schemes.
*In case of higher education there is a deduction in tax for a maximum period of 8 years.
*Marginal relief would be provided to ensure that the additional income tax payable including surcharge, on the excess of income over Rs. 10,00,000 (Rs. 8.5 lakh for A.Y. 2005-06) is limited to the amount by which the income is more than Rs. 10 lakh (Rs. 8.5 lakh for A.Y. 2005-06).
*Education cess @ 2% on tax plus surcharge.

9 comments:

  1. Can You please answer that For A.y. 2005-06, Contribution made to PPF is claimed Deduction U/s Which section???

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  4. Poisoned bait is a common method for controlling rat populations, however is not as effective when there are other food sources around, such as garbage. Poisoned meats have been used for centuries for killing off wolves, birds that were seen to threaten crops, and against other creatures. This can be a problem, since a carcass which has been poisoned will kill not only the targeted animal,شركة مكافحة حشرات بالقصيم شركة مكافحة حشرات بجدة شركة مكافحه النمل الابيض بالقصيم شركة مكافحة النمل الابيض بجدة شركة مكافحة حشرات بحائل شركة مكافحة النمل الابيض بحائل شركة مكافحة النمل الابيض بالمدينه المنوره شركة مكافحة حشرات بتبوك شركة مكافحة حشرات بالخرج


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  5. but also every other animal which feeds on the carcass. Humans have also been killed by coming in contact with poisoned meat, or by eating an animal which had fed on a poisoned carcass. This tool is also used to manage several caterpillars e.g. Spodoptera litura, fruit flies, snails and slugs, crabs etc.
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