For individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of individuals (BOI):
|
2009-2010 Taxable income slab (INR) |
Rate (%) |
|
Up to 1,60,000 |
NIL |
|
Up to 1,90,000 (for women) |
NIL |
|
Up to 2,40,000 (for resident individual of 65 years and above) |
NIL |
|
1,60,001(Men) / 1,90,000(Women) / 2,40,000(Senior Citizens) to 3,00,000 |
10 |
|
3,00,001 to 5,00,000 |
20 |
|
5,000,001 and above |
30 |
Note:
1. In addition to the above income tax calculated, a 3% education cess will be charged on the total Income tax paid and not on the total taxable income.
2. This time, there is No surcharge of 10% on individuals earning above 10 lakh.