Keen to Learn
3271 Points
Posted on 03 April 2014
For F.Y. 1985-86 TO 1988-89
|
Income Level
|
Income Tax Rate
|
|
0-18000
|
NIL
|
|
18000-25000
|
25%
|
|
25000-50000
|
30%
|
|
50000-100000
|
40%
|
|
>100000
|
50%
|
Rs.50,000 exceeds 5% SURCHARGE
For F.Y. 1989-90
|
Income Level
|
Income Tax Rate
|
|
0-18000
|
NIL
|
|
18000-25000
|
20%
|
|
25000-50000
|
30%
|
|
50000-100000
|
40%
|
|
>100000
|
50%
|
Rs.50,000 exceeds 5% SURCHARGE
For F.Y. 1990-91
|
Income Level
|
Income Tax Rate
|
|
0-22000
|
NIL
|
|
22000-30000
|
20%
|
|
30000-50000
|
30%
|
|
50000-10000
|
40%
|
|
>100000
|
50%
|
Rs.75,000 exceeds 12% SURCHARGE
For F.Y. 1991-92
|
TAX
|
|
MEN
|
WOMEN
|
SENIOR CITIZEN
|
|
Basic Exemption
|
|
22000
|
22000
|
22000
|
|
20% tax
|
|
22001 to 30000
|
22001 to 30000
|
22001 to 30000
|
|
30% tax
|
|
30001 to 50000
|
30001 to 50000
|
30001 to 50000
|
|
40% tax
|
|
50001 to 100000
|
50001 to 100000
|
50001 to 100000
|
|
50% tax
|
|
Above 100000
|
Above 100000
|
Above 100000
|
Surcharge: 12 per cent of the income-tax when total Income exceeds Rs 1, 00,000
For F.Y. 1992-93
|
TAX
|
|
MEN
|
WOMEN
|
SENIOR CITIZEN
|
|
Basic Exemption
|
|
28000
|
28000
|
28000
|
|
20% tax
|
|
28001 to 30000
|
28001 to 30000
|
28001 to 30000
|
|
30% tax
|
|
30001 to 50000
|
30001 to 50000
|
30001 to 50000
|
|
40% tax
|
|
50001 to 100000
|
50001 to 100000
|
50001 to 100000
|
|
50% tax
|
|
Above 100000
|
Above 100000
|
Above 100000
|
Surcharge: 12 per cent of the income-tax when total Income exceeds Rs 1, 00,000