| INCOME TAX RATES FOR THE ASSESSMENT YEAR 2008-2009 (F.Y 2007-2008) | |||
| For Resident Women (who is below 65 years at time during the previous year) | |||
| Net Range Income | Income tax rates | Surcharge | Education Cess (2%+H&S Cess 1%) |
| Upto Rs.1,45,000 | Nil | Nil | Nil |
| Rs.1,45,001 - Rs. 1.50,000 | 10% of (total Income minus Rs.1,45,000) | Nil | 3% of Income Tax |
| Rs.1,50,001 - Rs. 2.50,000 | Rs. 500 + '20% of (total Income minus Rs.1,50,000) | Nil | 3% of Income Tax |
| Rs.2,50,001 - Rs. 10.00,000 | Rs. 20.500 + '30% of (total Income minus Rs.2,50,000) | Nil | 3% of Income Tax |
| Above Rs. 10,00,000 | Rs. 2,45,500 + '30% of (total Income minus Rs.2,50,000) | 10% of Income Tax | 3% of Income Tax & Surcharge |
| For Resident Senior Citizen (who is 65 years or more at any time during the previous year) | |||
| Net Range Income | Income tax rates | Surcharge | Education Cess (2%+H&S Cess 1%) |
| Upto Rs.1,95,000 | Nil | Nil | Nil |
| Rs.1,95,001 - Rs. 2.50,000 | 20% of (total Income minus Rs.1,95,000) | Nil | 3% of Income Tax |
| Rs.2,50,001 - Rs. 10.00,000 | Rs. 11000 + '30% of (total Income minus Rs.2,50,000) | Nil | 3% of Income Tax |
| Above Rs. 10,00,000 | Rs. 2,36,000 + '30% of (total Income minus Rs.2,50,000) | 10% of Income Tax | 3% of Income Tax & Surcharge |
| For any other Individual, every HUF/AOP/BOI/artificial judicial person | |||
| Net Range Income | Income tax rates | Surcharge | Education Cess (2%+H&S Cess 1%) |
| Upto Rs.1,10,000 | Nil | Nil | Nil |
| Rs.1,10,001 - Rs. 1.50,000 | 10% of (total Income minus Rs.1,10,000) | Nil | 3% of Income Tax |
| Rs.1,50,001 - Rs. 2.50,000 | Rs. 4,000 + '20% of (total Income minus Rs.1,50,000) | Nil | 3% of Income Tax |
| Rs.2,50,001 - Rs. 10.00,000 | Rs. 24,000 + '30% of (total Income minus Rs.2,50,000) | Nil | 3% of Income Tax |
| Above Rs. 10,00,000 | Rs. 2,49,000 + '30% of (total Income minus Rs.2,50,000) | 10% of Income Tax | 3% of Income Tax & Surcharge |
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