new rate of income tax slab
Querist : Anonymous
For Male
0 - 160000 = Nil
160001-500000=10%
500001-800000-20%
Above 800000= 30%
For female
0 - 190000 = Nil
190001-500000=10%
500001-800000-20%
Above 800000= 30%
For Senior Citizens
0 - 240000 = Nil
240001-500000=10%
500001-800000-20%
Above 800000= 30%
1. New income tax rates proposed in budget 2010 for senior citizens
In the case of every individual, being a resident in India, who is of the age of sixty-five years or
more at any time during the previous year,
SLAB INCOME TAX RATE
Upto Rs. 2,40,000 Nil.
Rs. 2,40,001 to Rs. 5,00,000 10 per cent.
Rs. 5,00,001 to Rs. 8,00,000 20 per cent.
Above Rs. 8,00,000 30 per cent.
2. INCOME TAX SLAB FOR FEMALE RESIDENT INDIVIDUAL BELOW THE AGE
OF 65 YEARS
In the case of every individual, being a woman resident in India, and below the age of sixty-five
years at any time during the previous year,—
SLAB INCOME TAX RATE
Upto Rs. 1,90,000 Nil.
Rs. 1,90,001 to Rs. 5,00,000 10 per cent.
Rs. 5,00,001 to Rs. 8,00,000 20 per cent.
Above Rs. 8,00,000 30 per cent.
3. INCOME TAX SLAB FOR MALE RESIDENT INDIVIDUAL AND HINDU
UNDIVIDED FAMILY (HUF) BELOW THE AGE OF 65 YEARS
In the case of every individual, being a male resident in India, and below the age of sixty-five
years at any time during the previous year,—
SLAB INCOME TAX RATE
Upto Rs. 1,60,000 Nil.
Rs. 1,60,001 to Rs. 5,00,000 10 per cent.
Rs. 5,00,001 to Rs. 8,00,000 20 per cent.
Above Rs. 8,00,000 30 per cent.
*No Surcharge in all above cases. Education and SHE cess will be applicable
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
