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Tax slab revision and its impact

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					                                                Revision of tax slab and its impact on tax amount

                Males (age less than 60 years) Female (age less than 60 years)       Senior Citizens (Note 1)       Very Senior Citizens (Note 2)
Taxable Income Existing Proposed      Benefit   Existing Proposed Benefit        Existing Proposed      Benefit    Existing Proposed      Benefit
3 Lakh          12,360     10,300         2,060  11,330      10,300     1,030      5,150       5,150          -      NIL       NIL              -
5 Lakh          32,960     30,900         2,060  31,930      30,900     1,030     25,750     25,750           -      NIL       NIL              -
10 Lakh        156,560 133,900           22,660 155,530    133,900 21,630        149,350 128,750          20,600   123,600 103,000          20,600
15 Lakh        311,060 288,400           22,660 310,030    288,400 21,630        303,850 283,250          20,600   278,100 257,500          20,600
20 Lakh        465,560 442,900           22,660 464,530    442,900 21,630        458,350 437,750          20,600   432,600 412,000          20,600

Notes:
1. Aged 60 yrs or more but less than 80 Yrs
2. Aged 80 yrs or more

				
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posted:3/17/2012
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Description: Impact of tax slab revision in tax outgo