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I want to know the slab rate of f.y-1989-1990
i want to know the slab rate of f.y-1989-1990
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Income Tax Slabs for Individuals for the Financial Year 1989-1990 and Assessment Year 1990-1991
1. Income Tax Slab: Rs. 0 to 18,000 – Income Tax Rate Payable: Nil
2. Income Tax Slab: Rs. 18,001 to 25,000 – Income Tax Rate Payable: 20%
3. Income Tax Slab: Rs. 25,001 to 50,000 – Income Tax Rate Payable: 30%
4. Income Tax Slab: Rs. 50,001 to 100,000 – Income Tax Rate Payable: 40%
5. Income Tax Slab: Rs. 100,001 and above – Income Tax Rate Payable: 50%
Applicable Surcharge:
Surcharge: A surcharge of 8% on income tax amount is payable if total income is exceeding Rs. 50,000.
1. Income Tax Slab: Rs. 0 to 18,000 – Income Tax Rate Payable: Nil
2. Income Tax Slab: Rs. 18,001 to 25,000 – Income Tax Rate Payable: 20%
3. Income Tax Slab: Rs. 25,001 to 50,000 – Income Tax Rate Payable: 30%
4. Income Tax Slab: Rs. 50,001 to 100,000 – Income Tax Rate Payable: 40%
5. Income Tax Slab: Rs. 100,001 and above – Income Tax Rate Payable: 50%
Applicable Surcharge:
Surcharge: A surcharge of 8% on income tax amount is payable if total income is exceeding Rs. 50,000.
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