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Tax Rates

Tax Rates

 

Income tax slab for A.Y 11-12

New Income Tax Slabs for A.Y. 11-12 for Resident Senior Citizens (above 65 years) (FY 2010-11)

S. No.

Income Range

Tax percentage

1

Up to Rs 2,40,000

No tax / exempt

2

2,40,001 to 5,00,000

10% of the amount exceeding 2,40,000

3

5,00,001 to 8,00,000

Rs.26,000 + 20% of the amount exceeding 5,00,000

4

Above 8,00,000

Rs.86,000 + 30% of the amount exceeding 8,00,000

Income Tax Slabs for A.Y. 11-12 for Resident Women (below 65 years) (FY 2010-11)

1

Up to Rs 1,90,000

No tax / exempt

2

1,90,001 to 5,00,000

10% of the amount exceeding 1,90,000

3

5,00,001 to 8,00,00

Rs.31,000 + 20% of the amount exceeding 5,00,000

4

Above 8,00,000

Rs.91,000 + 30% of the amount exceeding 8,00,000

New Income Tax Slabs for A.Y. 11-12 Others & Men (FY 2010-11)

1

Up to Rs 1,60,000

No tax / exempt

2

1,60,001 to 5,00,000

10% of the amount exceeding 1,60,000

3

5,00,001 to 8,00,000

Rs.34,000 + 20% of the amount exceeding 5,00,000

4

Above 8,00,000

Rs.94,000 + 30% of the amount exceeding 8,00,000

 

Education cess and Secondary and Higher Secondary Education cess at 3% will be in addition to the the tax calculated above.

 

Income Tax Slabs for ay 10-11 are mentioned below:

 

Income tax slab for A.Y 10-11

Income Tax Slabs for A.Y. 10-11 for Resident Senior Citizens (above 65 years) (FY 2009-10)

S. No.

Income Range

Tax percentage

1

Up to Rs 2,40,000

No tax / exempt

2

2,40,001 to 3,00,000

10% of the amount exceeding 2,40,000

3

3,00,001 to 5,00,000

Rs.6000 + 20% of the amount exceeding 3,00,000

4

Above 5,00,000

Rs.46,000 + 30% of the amount exceeding 5,00,000

Income Tax Slabs for A.Y. 10-11 for Resident Women (below 65 years) (FY 2009-10)

1

Up to Rs 1,90,000

No tax / exempt

2

1,90,001 to 3,00,000

10% of the amount exceeding 1,90,000

3

3,00,001 to 5,00,00

Rs.11,000 + 20% of the amount exceeding 3,00,000

4

Above 5,00,000

Rs.51,000 + 30% of the amount exceeding 5,00,000

Income Tax Slabs for A.Y. 10-11 Others & Men (FY 2009-10)

1

Up to Rs 1,60,000

No tax / exempt

2

1,60,001 to 3,00,000

10% of the amount exceeding 1,60,000

3

3,00,001 to 5,00,000

Rs.14,000 + 20% of the amount exceeding 3,00,000

4

Above 5,00,000

Rs.54,000 + 30% of the amount exceeding 5,00,000

 

Education cess and Secondary and Higher Secondary Education cess at 3% will be in addition to the tax calculated above.