genral

This query is : Resolved 

06 March 2011 for may 2011 tx rate for salary is 1.80-5L,5-8L... N for any other head of income is not changed is it right?

06 March 2011 Nopes.
Slab rate applicable for MAy-11 are:-

Income tax slab for A.Y. 11-12

New Income Tax Slabs for ay 11-12 for
Resident Senior Citizens (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%
3 5,00,001 to 8,00,000 20%
4 Above 8,00,000 30%
Income Tax Slabs for ay 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%
3 5,00,001 to 8,00,00 20%
4 Above 8,00,000 30%
New Income Tax Slabs for ay 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%
3 5,00,001 to 8,00,000 20%
4 Above 8,00,000 30%

06 March 2011 You have written 1.8-5-8 but it is
1.6/1.9/2.4L-5L-8L.
1.80 is applicable for A.Y. 12-13.
These slab rates are applicable for all the income other than capital gain & casual income.

07 March 2011 sir,but it is written in supplmentry for salary n adv tx only this is applcble is it right or my interpretaion is wrong

08 March 2011 i understnd


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