06 November 2010
RATES OF INCOME-TAX FOR ASSESSMENT YEAR 2010-11 TOTAL INCOME AMOUNT OF TAX Up to Rs. 1,60,000 NIL (A) Individuals [except (B) & (C)], HUF, every AJP and AOP’s & BOI’s On next Rs. 1,40,000 10% On next Rs. 2,00,000 20% On balance amount 30% (B) An individual, being a woman resident in India, Age 65 yrs at any time during the P/Y TOTAL INCOME AMOUNT OF TAX Up to Rs. 2,40,000 NIL On next Rs. 60,000 10% On next Rs. 2,00,000 20% On balance amount 30% COMMON FOR (A), (B) & (C) AS ABOVE Education Cess: @ 2% of the Total Tax Payable. Secondary & Higher Education Cess: @ 1% of the Total Tax Payable.
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