Income tax calculation as per "Budget 08"

Budget provides a savings of Rs.44,000 for individuals having taxable income of Rs.5Lacs and above
Existing Slab	Amount	Tax Rate	Tax amount	Proposed Slab	Amount	Tax Rate	Tax amount
1.1 Lacs to 1.5 Lacs	40000	10%	4000	Til 1.5 Lacs		Nil	0.00
1.5 Lacs to 2.5 Lacs	100000	20%	20000	1.5 Lacs to 2.5 Lacs	10%	100000	10000.00
2.5 Lacs to 3Lacs	50000	30%	15000	2.5 Lacs to 3 Lacs	10%	50000	5000.00
3Lacs to 5 Lacs	200000	30%	60000	3 Lacs to 5 Lacs	20%	200000	40000.00
5 Lacs and above		30%		5 Lacs and above	30%
Total Tax Payable			99000				55000.00
Savings							44000.00
Women Assessee
1.40 Lacs to 1.5 Lacs	10000	10%	1000				0.00
1.5 Lacs to 1.8 Lacs	30000	20%	6000	Till 1.8 Lacs		Nil	0.00
1.8 Lacs to 2.5 Lacs	70000	20%	14000	1.8 Lacs to 2.5 Lacs	10%	70000	7000.00
2.5 Lacs to 3Lacs	50000	30%	15000	2.5 Lacs to 3 Lacs	10%	50000	5000.00
3Lacs to 5 Lacs	200000	30%	60000	3 Lacs to 5 Lacs	20%	200000	40000.00
5 Lacs and above		30%		5 Lacs and above	30%
Total Tax Payable			96000				52000.00
Savings							44000.00