Budget 2008 Revised Slab for Income Tax

Budget has been announced and brings some good news atleast for Salaried Employees due to the Slab for Income Tax have been raised that will inturn help individual savings. Here is the revised slab:

For Men Below 65 Years
Income Upto 1,50,000 = Tax Rate NIL
Income Rs 1,50,001 - Rs 3,00000 = Tax Rate 10%
Income Rs 3,00,001 - Rs 5,00000 = Tax Rate 20%
Income Above Rs 5,00000 = Tax Rate 30%

For Women Below 65 Years
Income Upto 1,80,000 = Tax Rate NIL
Income Rs 1,80,001 - Rs 3,00000 = Tax Rate 10%
Income Rs 3,00,001 - Rs 5,00000 = Tax Rate 20%
Income Above Rs 5,00000 = Tax Rate 30%

For Senior Citizens
Income Upto 2,25,000 = Tax Rate NIL
Income Rs 2,25,001 - Rs 3,00000 = Tax Rate 10%
Income Rs 3,00,001 - Rs 5,00000 = Tax Rate 20%
Income Above Rs 5,00000 = Tax Rate 30%