Income Tax Slab F.Y.2009-10

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Querist : Anonymous

Querist : Anonymous (Querist)

05 December 2009 Please send me income tax slab 2009-10.

Thanks

Aditya Maheshwari

Aditya Maheshwari (Expert)

05 December 2009 Type of Assessee Range of Income Tax Liability
Personal Taxation
Residential Women below 65yrs Upto Rs. 190000 NIL
of age Rs. 190001-Rs. 300000 (Taxable Income-Rs.190000)*10.30%
Rs. 300001-Rs.500000 (Taxable Income-Rs.300000)*20.60%+Rs.11330
Rs.500001 and above (Taxable Income-Rs.500000)*30.90%+Rs.52530
Residential individuals 65yrs and Upto Rs. 240000 NIL
above Rs. 240001-Rs300000 (Taxable Income - Rs.240000)*10.30%
Rs 300001-Rs.500000 (Taxable Income - Rs.300000)*20.60%+Rs.6180
Rs.500001 and above (Taxable Income - Rs.500000)*30.90%+Rs.47380
Other individuals, Upto Rs. 160000 NIL
hindu undivided family, Rs. 160001-300000 (Taxable Income - Rs.160000)*10.30%
association of persons and Rs.300001-500000 (Taxable Income - Rs.300000)*20.60%+Rs.14420
body of individuals Rs.500001 and above (Taxable Income - Rs.500000)*30.90%+Rs.55620
Firm Taxation
All firms Rs. 5 and above 30.90% on taxable income
Corporate Taxation
Domestic company Rs. 5 - Rs. 10000000 30.90% on taxable income
Above 10000000 33.99% on taxable income
Foreign Company Rs. 5 - Rs. 10000000 41.20% on taxable income
Above 10000000 42.23% on taxable income
Minimun Alternate Tax
Domestic company Rs. 5 - Rs. 10000000 15.45% on book profit
Above 10000000 16.995% on book profit
Foreign Company Rs. 5 - Rs. 10000000 15.45% on book profit
Above 10000000 15.83625% on book profit
Note: The above rates are inclusive of surcharge,education cess and
higher education cess wherever applicable.