Since it is income tax filing time and nearing the fag end of the the financial year and thus the below data will be of the use to make the most for planning the income tax and remember money saved from income tax is money earned and it is legal right to save the income tax as in doing that one may be contributing more in the growth of the nation.
Income tax (IT) slabs for FY 2008-09, Assessment Year 2009-10| Rate | Income Men | Income Women | Income Senior Citizen |
| 0% | Less than 1,50,000 | Less than 1,80,000 | Less than 2,25,000 |
| 10% | 1,50,001 to 3,00,000 | 1,80,001 to 3,00,000 | 2,25,001 to 3,00,000 |
| 20% | 3,00,001 to 5,00,000 | 3,00,001 to 5,00,000 | 3,00,001 to 5,00,000 |
| 30% | 5,00,001 and above | 5,00,001 and above | 5,00,001 and above |
Points to note here is that a surcharge of 10% of total income tax liability is applicable if an individual income is more than Rs 10,00,000 and education cess to the tune of of 3% is applicable on income tax (inclusive of surcharge if there is any) for every income tax assessee.
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