Monday, March 03, 2008

Saving on Tax - from the year 08-09

Soo, the good news is out!

the reduction in Tax is much better than everybody expected...
Not only the Standard deduction is increased, the slabs are also reshuffled for good..

I have an excel for you, for you to calculate yourself how much is in your kitty thanks to Mr. Finance Minister!!

Click here to download the file...

Note that the value to enter is the Taxable Income and not the Annual Income..
(Taxable income = Annual Income - Deductions like HRA, Medical, LTA, LIC....)

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