wat is the slab rate is applicable for may '11 examm?????
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wat is the slab rate is applicable for may '11 examm????
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Rates of taxes to be applicable for the A.Y. 2011-12
· For Individual/HUF/AOP/BOI and every other artificial judicial person-
|
Level Of Income |
Rate of Income Tax |
|
Upto 1,60,000 |
Nil |
|
1,60,001 to 5,00,000 |
10% of the amount exceeding 1,60,000 |
|
5,00,001 to 8,00,000 |
34,000+ 20% of the amount exceeding 5,00,000 |
|
Above 8,00,000 |
94,000 + 30% of the amount exceeding 8,00,000 |
· For Resident Women below the age of 65 yrs. at any time during the previous year-
|
Level Of Income |
Rate of Income Tax |
|
Upto 1,90,000 |
Nil |
|
1,90,001 to 5,00,000 |
10% of the amount exceeding 1,90,000 |
|
5,00,001 to 8,00,000 |
31,000+ 20% of the amount exceeding 5,00,000 |
|
Above 8,00,000 |
91,000 + 30% of the amount exceeding 8,00,000 |
· For Resident Individuals of the age of 65 yrs or more at any time during the previous year-
|
Level Of Income |
Rate of Income Tax |
|
Upto 2,40,000 |
Nil |
|
2,40,001 to 5,00,000 |
10% of the amount exceeding 2,40,000 |
|
5,00,001 to 8,00,000 |
26,000+ 20% of the amount exceeding 5,00,000 |
|
Above 8,00,000 |
86,000 + 30% of the amount exceeding 8,00,000 |
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