### Tax Impact for Resident Individuals and Hindu Undivided Families

Tax Impact for Resident Individuals and Hindu Undivided Families ....

Gross Total Income (Rs)
3,00,000
5,00,000


A.Y. 2009-10
A.Y. 2010-11
A.Y. 2009-10
A.Y. 2010-11

Gross Income
300,000.00
300,000.00
500,000.00
500,000.00

Tax Benefit u/s 80C
100,000.00
100,000.00
100,000.00
100,000.00

Tax exemption under Infra Bonds

20,000.00

20,000.00

Net Taxable Income post sec. 80C
200,000.00
180,000.00
400,000.00
380,000.00

Income Exempt from Tax as per slabs
160,000.00
160,000.00
160,000.00
160,000.00

Taxable Amount
40,000.00
20,000.00
240,000.00
220,000.00

Amount taxable @ 10%
40,000.00
20,000.00
140,000.00
220,000.00

Amount taxable @ 20%
-
-
100,000.00
-

Amount taxable @ 30%
-
-
-
-

Tax Amount Pre-Cess
4,000.00
2,000.00
34,000.00
22,000.00

Education cess @3%
120.00
60.00
1,020.00
660.00

Total Tax Payable
4,120.00
2,060.00
35,020.00
22,660.00

Tax Saving

2,060.00

12,360.00