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EXPECTED INCOME TAX RATES FOR THE FINANCE BILL 2010 |
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For Resident Women (who is below 65 years at time during the previous year) |
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Income tax rates |
Surcharge |
Education Cess (2%+H&S Cess 1%) |
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Upto Rs.2,50,000 |
Nil |
Nil |
Nil |
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Rs.2,50,001 - Rs. 3,00,000 |
'10% |
Nil |
3% of Income Tax |
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Rs.3,00,001 - Rs. 5,00,000 |
'20% |
Nil |
3% of Income Tax |
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Rs.5,00,001 - Rs. 10.00,000 |
'30% |
Nil |
3% of Income Tax |
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Above Rs. 10,00,000 |
'30% |
Nil |
3% of Income Tax & Surcharge |
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For Resident Senior Citizen (who is 65 years or more at any time during the previous year) |
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Income tax rates |
Surcharge |
Education Cess (2%+H&S Cess 1%) |
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Upto Rs.3,00,000 |
Nil |
Nil |
Nil |
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Rs.3,00,001 - Rs. 5,00,000 |
'20% |
Nil |
3% of Income Tax |
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Rs.5,00,001 - Rs. 10,00,000 |
'30% |
Nil |
3% of Income Tax |
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Above Rs. 10,00,000 |
'30% |
Nil |
3% of Income Tax & Surcharge |
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For any other Individual, every HUF/AOP/BOI/artificial judicial person |
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Income tax rates |
Surcharge |
Education Cess (2%+H&S Cess 1%) |
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Upto Rs.2,00,000 |
Nil |
Nil |
Nil |
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Rs.2,00,001 - Rs. 300,000 |
'10% |
Nil |
3% of Income Tax |
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Rs.3,00,001 - Rs. 5,00,000 |
'20% |
Nil |
3% of Income Tax |
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Rs.5,00,001 - Rs. 10.00,000 |
'30% |
Nil |
3% of Income Tax |
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Above Rs. 10,00,000 |
'30% |
Nil |
3% of Income Tax & Surcharge |
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