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.
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
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
· 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.
Up to Rs 1,60,000 NIL
Rs 1,60,001 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
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%
THANKS
welcome payal
very informative stuff SHARED BY EVERY1.............THANKS
THANKS
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