Income Tax Savings courtesy Budget 2010

Budget 2010 is here and it brings yet another relief for the salaried middle class - quite a relief infact considering the fact that you can u will have to shell out 40% less in taxes.

Here's how the maths goes:

This illustration assumes a person having a Taxable income of 6 lakhs. The deductions considered are Sec 80 C, 80 D and the new Infrastructure bonds only.

As can be seen, the Tax under new laws comes to 31415 Rs from 52530 that the person had to pay earlier - a saving of approx 40%.

Yes yes its a reason to cheer but make sure you invest this extra money & not spend it. Its will ensure a better for you only and nobody else.


Unknown said...

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