Friday, June 5, 2009

Income Tax slab For The Assessment year 2009-10, tax india

Income Slab

Tax Rate

Up to Rs.1,50,000 (Male) / Up to Rs 1,80,000 (Female) / Up to 2,25,000 (for resident individual of 65 years or above)

NIL

Rs. 1,50,001 to Rs. 3,00,000 (Male)/ Rs 1,80,001 to Rs 3,00,000 (Female)

10%

Rs. 3,00,001 to Rs. 5,00,000

20%

Rs. 5,00,001 and above

30% *

* A surcharge of 10 per cent of the total tax liability is applicable where the total income exceeds Rs 10,00,000.

  1. Education cess is applicable @ 3 per cent on income tax, inclusive of surcharge if there is any.
  2. Agricultural income is exempt from income-tax.

If you have any doubt regarding calculate of your tax, feel free to ask your query in below comment form. I will definitely help you within 24 hours.


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