Income tax slabs
This query is : Resolved
22 March 2010
Respected Sir,
Pls let me know the income tax slab and rates for the A.Y 2011-2012 for individual,company and partnership firm.
Regards
Narendra Singh
Pls let me know the income tax slab and rates for the A.Y 2011-2012 for individual,company and partnership firm.
Regards
Narendra Singh
22 March 2010
Individual, HUF, AOP & BOI NIL
Upto Rs. 160000 - Nil
Rs. 160001 to Rs. 190000 * - 10%
Rs. 190001 to Rs. 240000 ** - 10%
Rs. 240001 to Rs. 500000 - 10%
Rs. 500001 to Rs. 800000 - 20%
Rs. 800001 onwards - 30%
* “Nil” tax rate in case assessee is resident Senior Citizen or resident Women below age of 65 years
** “Nil” tax rate in case assessee is resident Senior Citizen
Partnership Firm - 30%
Domestic Company - 30%
Company other than Domestic Company - 40%
Upto Rs. 160000 - Nil
Rs. 160001 to Rs. 190000 * - 10%
Rs. 190001 to Rs. 240000 ** - 10%
Rs. 240001 to Rs. 500000 - 10%
Rs. 500001 to Rs. 800000 - 20%
Rs. 800001 onwards - 30%
* “Nil” tax rate in case assessee is resident Senior Citizen or resident Women below age of 65 years
** “Nil” tax rate in case assessee is resident Senior Citizen
Partnership Firm - 30%
Domestic Company - 30%
Company other than Domestic Company - 40%
22 March 2010
Individual, HUF, AOP & BOI
PERCENTAGE OF TAX
Men Women Sr.Ctzn
Upto Rs. 160000 Nil NIL NIL
Rs. 160001 to Rs. 190000 10.3 NIL NIL
Rs. 190001 to Rs. 240000 10.3 10.3 NIL
Rs. 240001 to Rs. 500000 10.3 10.3 10.3
Rs. 500001 to Rs. 800000 20.6 20.6 20.6
Rs. 800001 onwards 30.9 30.9 30.9
“Nil” tax rate in case assessee is resident Senior Citizen or resident Women below age
of 65 years
“Nil” tax rate in case assessee is resident Senior Citizen
Partnership Firm
and
Domestic Company
NIL NIL 30.90%(Without s/c)
33.22% (with s/c of 7.5%
if income is more than 1Cr)
Minimum Alternate Tax
Domestic Company
Income less then 1,00,00,000 18.54%
= or > 1,00,00,000 19.93%
Individual, HUF, AOP & BOI
PERCENTAGE OF TAX
Men Women Sr.Ctzn
Upto Rs. 160000 Nil NIL NIL
Rs. 160001 to Rs. 190000 10.3 NIL NIL
Rs. 190001 to Rs. 240000 10.3 10.3 NIL
Rs. 240001 to Rs. 500000 10.3 10.3 10.3
Rs. 500001 to Rs. 800000 20.6 20.6 20.6
Rs. 800001 onwards 30.9 30.9 30.9
“Nil” tax rate in case assessee is resident Senior Citizen or resident Women below age
of 65 years
“Nil” tax rate in case assessee is resident Senior Citizen
Partnership Firm
and
Domestic Company
NIL NIL 30.90%(Without s/c)
33.22% (with s/c of 7.5%
if income is more than 1Cr)
Minimum Alternate Tax
Domestic Company
Income less then 1,00,00,000 18.54%
= or > 1,00,00,000 19.93%
22 March 2010
Agreed
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