Check out how your personal Income Tax will work after the Budget proposals made by Finance Minister P Chidambaram:

Comparison of Tax liabilities pre-Budget and post-Budget
For Men
Income Tax slab (Rs)	Old tax rate (%)	Old tax (Rs)	New tax rate (%)	New tax (Rs)	Benefit (Rs)
0 to 110,000	Nil	0	Nil	0	0
110,001 to 150,000	10	4,000	Nil	0	4,000
150,001 to 250,000	20	20,000	10	10,000	10,000
250,001 to 300,000	30	15,000	10	5,000	10,000
300,001 to 500,000	30	60,000	20	40,000	20,000
500,001 and above	30		30
1. A person having an income of up to Rs 3 lakh will get a benefit of Rs 24,000
2. A person having an income of up to Rs 5 lakh will get a benefit of Rs 44,000
For Women
Income Tax slab (Rs)	Old tax rate (%)	Old tax (Rs)	New tax rate (%)	New tax (Rs)	Benefit (Rs)
0 to 145,000	Nil	0	Nil	0
145,001 to 150,000	10	500	Nil	0	500
150,001 to 180,000	20	6,000	Nil	0	6,000
180,001 to 250,000	20	14,000	10	7,000	7,000
250,001 to 300,000	30	15,000	10	5,000	10,000
300,001 to 500,000	30	60,000	20	40,000	20,000
500,000 and above	30		30
1. A woman having an income of up to Rs 3 lakh get benefit of Rs 23,500
2. A woman having an income of up to Rs 5 lakh will get a benefit of Rs 43,500
For Senior Citizens
Income Tax slab (Rs)	Old tax rate (%)	Old tax (Rs)	New tax rate (%)	New tax (Rs)	Benefit (Rs)
0 to 195,000	Nil	0	Nil	0
195,001 to 225,000	20	6,000	Nil	0	6,000
225,001 to 250,000	20	5,000	10	2,500	2,500
250,001 to 300,000	20	15,000	10	5,000	10,000
300,001 to 500,000	30	60,000	20	40,000	20,000
500,001 and above	30		30
1. Senior citizens having an income of up to Rs 3 lakh will get a benefit of Rs 18,500
2. Senior citizens having an income of up to Rs 5 lakh will get a benefit of Rs 38,500

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