For individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of individuals (BOI):
|
2009-2010 Taxable income slab (INR) |
Rate (%) |
|
Up to 1,50,000 |
NIL |
|
Up to 1,80,000 (for women) |
NIL |
|
Up to 2,25,000 (for resident individual of 65 years and above) |
NIL |
|
1,50,001 to 3,00,000 |
10 |
|
3,00,001 to 5,00,000 |
20 |
|
5,000,001 and above |
30* |
*A surcharge of 10% of the total tax payable is applicable when the total income exceeds Rs.1,000,000/-
Do you know?
1. Education cess is applicable at 3 per cent on income tax, inclusive of surcharge if there is any.
2. Agricultural income is exempted from income-tax.