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

Income Tax Rates for AY 2010-11 (FY 2009-10)

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 2010-11, Relevant to Financial Year 2009-10 

For Individuals below 65 years age, other than Woman Assessees:
Income
Tax Rate
Upto 160,000
Nil
160,000 to 300,000
10% of the amount exceeding 160,000
300,000 to 500,000
Rs.14,000 + 20% of the amount exceeding 300,000
500,000 & above
Rs.54,000 + 30% of the amount exceeding 500,000

For Woman Assessees below 65 years:
Income
Tax Rate
Upto 190,000
Nil
190,000 to 300,000
10% of the amount exceeding 190,000
300,000 to 500,000
Rs.11,000 + 20% of the amount exceeding 300,000
500,000 & above
Rs.51,000 + 30% of the amount exceeding 500,000

For Individuals aged 65 years and above:
Income
Tax Rate
Upto 240,000
Nil
240,000 to 300,000
10% of the amount exceeding 240,000
300,000 to 500,000
Rs.6,000 + 20% of the amount exceeding 300,000
500,000 & above
Rs.46,000 + 30% of the amount exceeding 500,000

Surcharge on Income Tax: Nil

Education Cess: 3% of Income Tax 

Comments