Income Tax Slabs for F.Y. 2009-10

BALASUBRAMANYA B N (CCI STUDENT....) (44668 Points)

11 November 2009

Income Tax Exemption limit subsequent union budget-2009 for
individual tax payers was increased by Rs.10,000 for Male below 65years,
women and Rs.15,000 for Senior Citizens (i.e.65 years and above) by the
finance minister.
Finance Minister removed the surcharge on Income above Rs.10 Lakh (Rs.1
million) for Personal Income Tax payers.

The new Income Tax slab for A.Y.2010-11, F.Y.2009-10 will stand as follows.

Taxable Income	Senior Citizens	Women	Others
Up to Rs.1,60,000	Nil	Nil	Nil
Rs.1,60,001 to Rs.1,90,000	Nil	Nil	10% of the amount exceeding Rs.1,60,000
Rs.1,90,001 to Rs.2,40,000	Nil	10% of the amount exceeding Rs.1,90,000	10% of the amount exceeding Rs.1,60,000
Rs.2,40,001 to Rs.3,00,000	10% of the amount exceeding Rs.2,40,000	10% of the amount exceeding Rs.1,90,000	10% of the amount exceeding Rs.1,60,000
Rs.3,00,001 to Rs.5,00,000	Rs.6,000 + 20% of the amount exceeding Rs.3,00,000	Rs.11,000 + 20% of the amount exceeding Rs.3,00,000	Rs.14,000 + 20% of the amount exceeding Rs.3,00,000
Rs.5,00,001 and above	Rs.46,000 + 30% of the amount exceeding Rs.5,00,000	Rs.51,000 + 30% of the amount exceeding Rs.5,00,000	Rs.54,000 + 30% of the amount exceeding Rs.5,00,000