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

Personal Income Tax Rates

Income Tax Rates given below pertains to past period. Please click here for the latest Income Tax Rates.

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

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