slab rate of income tax

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Darshana Pandhare

Darshana Pandhare (Querist)
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14 October 2008 i want to know that what is the slab rate

Darshana Pandhare

Darshana Pandhare (Querist)
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14 October 2008 plz give me reply

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 October 2008 If the income is> 1000000 surcharge @10% is also payable.
This rate is for the asst year 2009-10.
For ladies and those above 65 years rates are different.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 October 2008 Sorry there is a mistake in uploading the answer.
The answer begins as follows.
upto 150000 nil
150000 to 300000 10%
300000 to 500000 20%
500000 and above 30%
In addition to the above cess @2% and secondary and higher education cess @1% is also to be payable on the tax calculated as above.

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