Receive all updates via Facebook. Just Click the Like Button Below

Income Tax Rates for AY 2009-10 (FY 2008-09)

Income Tax Rates applicable for Individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of Individuals (BOI) in India is as under:






Assessment Year 2009-10, Relevant to Financial Year 2008-09 

For Individuals below 65 years age, other than Woman Assessees:
Income
Tax Rate
Upto 150,000
Nil
150,000 to 300,000
10% of the amount exceeding 150,000
300,000 to 500,000
Rs.15,000 + 20% of the amount exceeding 300,000
500,000 & above
Rs.55,000 + 30% of the amount exceeding 500,000

For Woman Assessees below 65 years:
Income
Tax Rate
Upto 180,000
Nil
180,000 to 300,000
10% of the amount exceeding 180,000
300,000 to 500,000
Rs.12,000 + 20% of the amount exceeding 300,000
500,000 & above
Rs.52,000 + 30% of the amount exceeding 500,000

For Individuals aged 65 years and above:
Income
Tax Rate
Upto 225,000
Nil
225,000 to 300,000
10% of the amount exceeding 225,000
300,000 to 500,000
Rs.7,500 + 20% of the amount exceeding 300,000
500,000 & above
Rs.47,500 + 30% of the amount exceeding 500,000

Surcharge on Income Tax: 10% of the Income Tax payable, in case the total taxable income exceeds Rs.1,000,000

Education Cess: 3% of Income Tax plus Surcharge

Comments