Rates of Tax Applicable for A.Y. 2011-12 - Urgent
This query is : Resolved
18 April 2011
Can anyone tell me which of the below mentioned rates are to be used for IPCC May 2011 exam:
(For Male assessee)
Upto 1,60,000 Nil
1,60,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%
OR
(For Male assessee as per BUDGET 2011)
Upto 1,80,000 Nil
1,80,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%
Similarly, want to know whether the Change in exemption limits of senior citizen as per the BUDGET-2011 is to be used for the exam (May 2011 exam)
Kindly help..
(For Male assessee)
Upto 1,60,000 Nil
1,60,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%
OR
(For Male assessee as per BUDGET 2011)
Upto 1,80,000 Nil
1,80,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%
Similarly, want to know whether the Change in exemption limits of senior citizen as per the BUDGET-2011 is to be used for the exam (May 2011 exam)
Kindly help..
18 April 2011
For May 2011 exam, the relevant AY is 2011-12.
(For Male assessee)
Upto 1,60,000 Nil
1,60,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%
(For Male assessee)
Upto 1,60,000 Nil
1,60,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%
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