Category: Union Budget 2009
Analysis of Union Budget 2009. Budget for year 2009-2010. Income tax slabs for 2009-2010 and Income tax calculator 2009-10
Update - For the latest 2010 Income tax slab Click
Income tax slab 2010-2011
Financeminister.in provides you the latest income tax slabs 2009-2010 for India, free India income tax calculator 2009-2010, Official government of India finance links, Union budget and other India finance news.
The union budget will be presented on July 6th. Financeminister.in will bring you update information and analysis on the union budget and an updated income tax calculator.
Modified India income tax slabs "2009 2010" per budget 2009
A detailed table for your ready reference in calculating your income tax based on the latest income tax slabs. This table is based on the latest income tax slabs / income tax rates for 2009-2010.
Summary of income tax rate changes
- For individual tax payers, there is no tax for income below Rs 1.6 lakhs
- For women tax payers, no tax for income below Rs 1.9 lakhs
- For senior citizens, there is no tax for income below Rs 2.40 lakhs.
Finance minister Pranabh Mukharjee has presented the union budget for year 2009-10 today. The budget that has more stress for infrastructure development also includes a modified income tax slab.
Main attraction - Income tax exemption limit increased. Income tax exemption limit for senior citizens is now 2.4 lakh, for women it is 1.90 lakh and for all others the income tax exemption limit will be 1.60 lakh.
Finance Minister Pranab Mukherjee will be presenting the General Budget 2009-10 in the Lok Sabha on July 6.
The expectations on the current buget is to maintain the reform agenda and also to continue with spending in social sector.
It would be tough job for the finance minister considering the current world economic condition.
This is the election year and the acting Minister of finance Mr. Pranabh Mukharjee has presented the Interim Budget. This budget will cover the period till 22 May 2009 when a new government is formed. It will be the responsibility of the new government for formulating policy for the remainder of the financial year.
Highlights of India Interim budget.
As was expected, there are no changes for the tax structures or tax slabs.
Rural areas to get more boost in terms of an additional 301 billion rupees for job schemes and 120.7 billion rupees for health spending
