20 July 2011
The following are the income tax rates announced in union budget 2010 applicable for financial year 2010-11.
Individual Male (Below the Age 65 Years) Up to 1,60,000 NIL From 1,60,001 to 5,00,000 10% From 5,00,001 to 8,00,000 20% Above Than 8,00,000 30% Individual Female (Below the Age of 65 Years) Up to 1,90,000 NIL From 1,90,001 to 5,00,000 10% From 5,00,001 to 8,00,000 20% Above Than 8,00,000 30% Senior Citizen (Above than 65 years of age) Up to 2,40,000 NIL 2,40,001 to 5,00,000 10% 5,00,001 to 8,00,000 20% Above Than 8,00,000 30%
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