wat is the slab rate is applicable for may '11 examm?????
wat is the slab rate is applicable for may '11 examm?????
NUKUL GARG
(Senior Associate Consultant)
(1231 Points)
Replied 08 December 2010
· For Individual/HUF/AOP/BOI and every other artificial judicial person-
Level Of Income |
Rate of Income Tax |
Upto 1,60,000 |
Nil |
1,60,001 to 5,00,000 |
10% of the amount exceeding 1,60,000 |
5,00,001 to 8,00,000 |
34,000+ 20% of the amount exceeding 5,00,000 |
Above 8,00,000 |
94,000 + 30% of the amount exceeding 8,00,000 |
· For Resident Women below the age of 65 yrs. at any time during the previous year-
Level Of Income |
Rate of Income Tax |
Upto 1,90,000 |
Nil |
1,90,001 to 5,00,000 |
10% of the amount exceeding 1,90,000 |
5,00,001 to 8,00,000 |
31,000+ 20% of the amount exceeding 5,00,000 |
Above 8,00,000 |
91,000 + 30% of the amount exceeding 8,00,000 |
· For Resident Individuals of the age of 65 yrs or more at any time during the previous year-
Level Of Income |
Rate of Income Tax |
Upto 2,40,000 |
Nil |
2,40,001 to 5,00,000 |
10% of the amount exceeding 2,40,000 |
5,00,001 to 8,00,000 |
26,000+ 20% of the amount exceeding 5,00,000 |
Above 8,00,000 |
86,000 + 30% of the amount exceeding 8,00,000 |
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