Friday, February 26, 2010

Income Tax slab for Assesment Year 2010- 2011

The Income tax for individuals have been revised as follows

MALE
  1. upto 1,60,000 - Nil
  2. above 1,60,000 till 5,00,000 - 10%
  3. above 5,00,000 till 8,00,000 - 20%
  4. above 8,00,00 and above     - 30%

    WOMEN
    1. upto 1,90,000 - Nil
    2. above 1,90,000 till 5,00,000 - 10%
    3. above 5,00,000 till 8,00,000 - 20%
    4. above 8,00,00 and above     - 30%

    Senior Citizen
    1. upto 2,40,000 - Nil
    2. above 2,40,000 till 5,00,000 - 10%
    3. above 5,00,000 till 8,00,000 - 20%
    4. above 8,00,00 and above     - 30%

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