WHAT IS THE NEW SLAB RATE FOR ASSESSMENT YEAR 2010-11....?
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SLAB RATE
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New Tax Rates for Financial Year 2009-10, Assessment Year 2010-11
| Male below 65 Years of Age | |
| Up to Rs 1,60,000 | NIL |
| Rs 1,60,001 to Rs 3,00,000 | 10% of the amount by which total income exceeds Rs 1,60,000 |
| Rs 3,00,001 to Rs 5,00,000 | Rs 14,000 plus 20% of the amount by which total income exceeds Rs 3,00,000 |
| Rs 5,00,000 and above | Rs 54,000 plus 30% of the amount by which total income exceeds Rs 5,00,000 |
| Women | |
| Up to Rs 1,90,000 | NIL |
| Rs 1,90,001 to Rs 3,00,000 | 10 per cent |
| Rs 3,00,001 to Rs 5,00,000 | 20 per cent |
| Rs 5,00,000 and above | 30 per cent |
| Senior Citizens | |
| Up to Rs 2,40,000 | NIL |
| Rs 2,40,001 to Rs 3,00,000 | 10 per cent |
| Rs 3,00,001 to Rs 5,00,000 | 20 per cent |
| Rs 5,00,000 and above | 30 per cent |
India Income tax slabs 2009-2010 for Men
| Income tax slab (in Rs.) | Tax |
|---|---|
| 0 to 1,60,000 | No tax |
| 1,60,001 to 3,00,000 | 10% |
| 3,00,001 to 5,00,000 | 20% |
| Above 5,00,000 | 30% |
India Income tax slabs 2009-2010 for women
| Income tax slab(in Rs.) | Tax |
|---|---|
| 0 to 1,90,000 | No tax |
| 1,90,001 to 3,00,000 | 10% |
| 3,00,001 to 5,00,000 | 20% |
| Above 5,00,000 | 30% |
India Income tax slabs 2009-2010 for Senior citizen
| Income tax slab(in Rs.) | Tax |
|---|---|
| 0 to 2,40,000 | No tax |
| 2,40,001 to 3,00,000 | 10% |
| 3,00,001 to 5,00,000 | 20% |
| Above 5,00,000 | 30% |
The rates for persons not resident in India, including companies other than domestic companies,are the same. Basically, for corporate there are no tax rate changes and hence is at statuesque.
· Individual, Hindu Undivided Family, Association of Persons, Body of Individual
Income shall be taxable at the slab rates given below:
If total Income upto Rs.1,60,000 NIL
On next 1,40,000 10%
On next 2,00,000 20%
On Balance amount 30%
· Resident woman below the age of 65 years
If total income is upto Rs.1,90,000 NIL
On next Rs.1,10,000 10%
On next Rs.2,00,000 20%
On Balance amount 30%
· Resident individual of the age of 65 years or more
If total income is upto Rs.2,40,000 NIL
On next Rs.60,000 10%
On next Rs.2,00,000 20%
On Balance amount 30%
No surcharge is applicable for individual, HUF, AOP, BOI and partnership firm from A.Y. 2010-11 however company has to pay surcharge as usual.
minimum limit :
men-rs.1,60,000
women-rs.1,90,000
senior citizen-RS.2,40,000
upto rs.3,00,000-10%
3,00,000-5,00,000-20%
above 5,00,000-30%
welcome payal
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