Tax Rates for A.Y 2011-12

CA Dhiraj Ramchandani (CA, M. com) (10823 Points)

22 March 2010  

Tax rate applicable for A.Y. 2011-12 on Income, Dividend, Wealth, MAT, STT, Capital Gain and Presumptive Income

 

 

PERSONAL TAX SCENARIOS

 

 

Individual Income Level
  500,000 1,000,000 1,500,000
Current Tax 55,620 210,120 364,620
Proposed Tax 35,020 158,620 313,120
Effective Tax Savings 20,600 51,500 51,500
Effective Tax Savings (%) 37 25 14
 
Resident women below 65 years Income Level
  500,000 1,000,000 1,500,000
Current Tax 52,530 207,030 361,530
Proposed Tax 31,930 155,530 310,030
Effective Tax Savings 20,600 51,500 51,500
Effective Tax Savings (%) 39 25 14
 
Resident senior citizen Income Level
  500,000 1,000,000 1,500,000
Current Tax 47,380 201,880 356,380
Proposed Tax 26,780 150,380 304,880
Effective Tax Savings 20,600 51,500 51,500
Effective Tax Savings (%) 43 26 14

 

These rates are subject to enactment of the Finance Bill 2010. The rates are for the Financial Year 2010-11.