Tax rate applicable for Ay 2010-11

Save Share

This query is : Resolved

pradeep mahapatra (Querist)

13 February 2010 Please provide the details of all tax rate applicable for all heads of income (Including Tds). the Ay 2009-10.

Regards,
Pradeep Mahapatra

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

13 February 2010 Your query is not clear you are asking about tax rate or TDS rate.please clarify

Rahul Gupta

Rahul Gupta (Expert)

13 February 2010 Also, please b sure that you are asking for AY-2009-2010 and not FY 2009-2010.

My Doubt, arises since its Feb,10 and generally tax planning is going on for AY 2010-11.

Please clarify.

Rahul Gupta

Rahul Gupta (Expert)

13 February 2010 May be for you reference, tax rates of Individual, HUF, and firms is below for AY 2010-11.

Rates of Income Tax as applicable to Individuals, Hindu Undivided Families (HUF) and Artificial Jurisdictional Person:

Rates For the Assessment Year 2010-2011
Upto Rs. 1,60,000 - Nil
Rs. 1,60,000 - Rs. 3,00,000 - 10% of total income minus Rs. 1,60,000
Rs. 3,00,000 - Rs. 5,00,000 - Rs. 14,000 + 20% of total income minus Rs. 3,00,000
Above 5,00,000 - Rs. 54,000 + 30% of total income minus Rs. 5,00,000

Special Rates for Resident Women (who is below 65 years at any time during the previous year)
Upto Rs. 1,90,000 - Nil
Rs. 1,90,000 - Rs. 3,00,000 - 10% of total income minus Rs. 1,90,000
Rs. 3,00,000 - Rs. 5,00,000 - Rs. 11,000 + 20% of total income minus Rs. 3,00,000
Above 5,00,000 - Rs. 51,000 + 30% of total income minus Rs. 5,00,000

Special Rates for Resident Senior Citizen (who is 65 years or more at any time during the previous year)
Upto Rs. 2,40,000 - Nil
Rs. 2,40,000 - Rs. 3,00,000 - 10% of total income minus Rs. 2,40,000
Rs. 3,00,000 - Rs. 5,00,000 - Rs. 6,000 + 20% of total income minus Rs. 3,00,000
Above 5,00,000 - Rs. 46,000 + 30% of total income minus Rs. 5,00,000

Notes for the Assessment Year 2010-2011
Note 1: - Add Surcharge - Nil
Note 2: - Add Education Cess - E. Cess is 2% of Income Tax (rebate u/s 88E is not deductible)
Note 2: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (rebate u/s 88E is not deductible )

Income Tax Rates for Firms >

Rates for the Assessment Year 2010-2011
Rate of Tax is 30% for the Assessment Year 2010-2011

Notes for the Assessment Year 2010-2011
Note 1: - Add Surcharge - Nil
Note 2: - Add Education Cess - E. Cess is 2% of Income Tax (Rebate u/s 88E is not available w.e.f. AY 2009-2010)
Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (Rebate u/s 88E is not available w.e.f. AY 2009-2010)

Message likes : 2 times