Income tax rate for the year 2008 - 2009

PERSONAL TAX RATES
For individuals, HUF, Association of Persons (AOP) and Body of
individuals (BOI):

Taxable income slab (Rs.)	Rate (%)
Up to 1,50,000Up to 1,80,000 (for women)Up to 2,25,000 (for resident individual of 65 years or above)	NIL
1,50,001 – 3,00,000	10
3,00,001 – 5,00,000	20
5,000,001 upwards	30*

*A surcharge of 10 per cent of the
total tax liability is applicable where the total income exceeds Rs
1,000,000.

Inflation

Its now my turn to talk abt inflation. In Bangalore Neither my office canteen nor the hotels that I eat haven't increased the price in the last 9-10 months, so I didn't have any big idea on the price rise. But last weekend I was in Chennai and I was totally shocked to see the price rise. When we are in Chennai, we used to eat in a small hotel, the food is of good quality and of reasonable price. When I was there last saturday,I saw a strange poster at the entrance of the hotel, justifying the price hike.

Item	Dec 2007	April 2008
Gas	900	1100
Ponni Raw Rice	15	21
Cooking Oil	38	65
Idly Rice	11	16
Maida	16	20
Wheat Flour	19	26

After reading this I was bit shocked. I have to thank the hotel owner for not increasing the price too much.
Also we went to Vasantha Bhavan namma vedu (vadpalani). We are charged 106 INR for 2 podi dosa , 2 coffee and 1 set curd vadai. I never expected this amount for what we ate. Govt must do some thing to control this .