.

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Budget provides a savings of Rs.44,000 for individuals having taxable income of Rs.5Lacs and above

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Existing Slab Amount Tax Rate Tax amount Proposed Slab Amount Tax Rate Tax amount

.

1.1 Lacs to 1.5 Lacs 4000010%4000Til 1.5 Lacs Nil 0

.

1.5 Lacs to 2.5 Lacs 10000020%200001.5 Lacs to 2.5 Lacs 10%10000010000

.

2.5 Lacs to 3Lacs 5000030%150002.5 Lacs to 3 Lacs 10%500005000

.

3Lacs to 5 Lacs 20000030%600003 Lacs to 5 Lacs 20%20000040000

.

5 Lacs and above 30% 5 Lacs and above 30%

.

Total Tax Payable 99000 55000

.

Savings 44000

.

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.

Women Assessee

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.

1.40 Lacs to 1.5 Lacs 1000010%1000 0

.

1.5 Lacs to 1.8 Lacs 3000020%6000Till 1.8 Lacs Nil 0

.

1.8 Lacs to 2.5 Lacs 7000020%140001.8 Lacs to 2.5 Lacs 10%700007000

.

2.5 Lacs to 3Lacs 5000030%150002.5 Lacs to 3 Lacs 10%500005000

.

3Lacs to 5 Lacs 20000030%600003 Lacs to 5 Lacs 20%20000040000

.

5 Lacs and above 30% 5 Lacs and above 30%

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Total Tax Payable 96000 52000

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Savings 44000

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