income tax slab rate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2011 dear sir in this regard i want to know that which slab rate(assessment year) is applicable for financial year 2010-2011

thanks all expert.

CA Navin Jain

CA Navin Jain (Expert)
Follow

05 April 2011 The following are the income tax rates announced in union budget 2010 applicable for financial year 2010-11.

Individual Male (Below the Age 65 Years)
Up to 1,60,000 NIL
From 1,60,001 to 5,00,000 10%
From 5,00,001 to 8,00,000 20%
Above Than 8,00,000 30%
Individual Female (Below the Age of 65 Years)

Up to 1,90,000 NIL
From 1,90,001 to 5,00,000 10%
From 5,00,001 to 8,00,000 20%
Above Than 8,00,000 30%

Senior Citizen (Above than 65 years of age)
Up to 2,40,000 NIL
2,40,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above Than 8,00,000 30%