income tax rates
This query is : Resolved
28 August 2008
plz tell me the income tax rates for the assessment year 2008-09 for the NOV 2008 examination
vikas
vikas
Ram Avtar Singh
(Expert)
28 August 2008
Duplicate question
28 August 2008
INCOME TAX RATES:
Income Slab Tax Rate
Up to Rs.1,50,000 (Male) / Up to Rs 1,80,000 (Female) / Up to 2,25,000 (for resident individual of 65 years or above) NIL
Rs. 1,50,001 to Rs. 3,00,000 (Male)/ Rs 1,80,001 to Rs 3,00,000 (Female) 10%
Rs. 3,00,001 to Rs. 5,00,000 20%
Rs. 5,00,001 and above 30% *
* A surcharge of 10 per cent of the total tax liability is applicable where the total income exceeds Rs 10,00,000.
Education cess is applicable @ 3 per cent on income tax, inclusive of surcharge if there is any..
Agricultural income is exempt from income-tax
Income Slab Tax Rate
Up to Rs.1,50,000 (Male) / Up to Rs 1,80,000 (Female) / Up to 2,25,000 (for resident individual of 65 years or above) NIL
Rs. 1,50,001 to Rs. 3,00,000 (Male)/ Rs 1,80,001 to Rs 3,00,000 (Female) 10%
Rs. 3,00,001 to Rs. 5,00,000 20%
Rs. 5,00,001 and above 30% *
* A surcharge of 10 per cent of the total tax liability is applicable where the total income exceeds Rs 10,00,000.
Education cess is applicable @ 3 per cent on income tax, inclusive of surcharge if there is any..
Agricultural income is exempt from income-tax
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