Income Tax Slab for the F.Y. 2010 to 2011
Up to 1,60,0001 NIL
Up to 1,90,000 (for women) NIL
Up to 2,40,000 NIL
(for resident individual of 65 years and above)
1,60,0001 to 5,00,000 10
5,00,001 to 8,00,000 20
8,000,001 and above 30
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.