13 February 2010
May be for you reference, tax rates of Individual, HUF, and firms is below for AY 2010-11.
Rates of Income Tax as applicable to Individuals, Hindu Undivided Families (HUF) and Artificial Jurisdictional Person:
Rates For the Assessment Year 2010-2011 Upto Rs. 1,60,000 - Nil Rs. 1,60,000 - Rs. 3,00,000 - 10% of total income minus Rs. 1,60,000 Rs. 3,00,000 - Rs. 5,00,000 - Rs. 14,000 + 20% of total income minus Rs. 3,00,000 Above 5,00,000 - Rs. 54,000 + 30% of total income minus Rs. 5,00,000
Special Rates for Resident Women (who is below 65 years at any time during the previous year) Upto Rs. 1,90,000 - Nil Rs. 1,90,000 - Rs. 3,00,000 - 10% of total income minus Rs. 1,90,000 Rs. 3,00,000 - Rs. 5,00,000 - Rs. 11,000 + 20% of total income minus Rs. 3,00,000 Above 5,00,000 - Rs. 51,000 + 30% of total income minus Rs. 5,00,000
Special Rates for Resident Senior Citizen (who is 65 years or more at any time during the previous year) Upto Rs. 2,40,000 - Nil Rs. 2,40,000 - Rs. 3,00,000 - 10% of total income minus Rs. 2,40,000 Rs. 3,00,000 - Rs. 5,00,000 - Rs. 6,000 + 20% of total income minus Rs. 3,00,000 Above 5,00,000 - Rs. 46,000 + 30% of total income minus Rs. 5,00,000
Notes for the Assessment Year 2010-2011 Note 1: - Add Surcharge - Nil Note 2: - Add Education Cess - E. Cess is 2% of Income Tax (rebate u/s 88E is not deductible) Note 2: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (rebate u/s 88E is not deductible )
Income Tax Rates for Firms >
Rates for the Assessment Year 2010-2011 Rate of Tax is 30% for the Assessment Year 2010-2011
Notes for the Assessment Year 2010-2011 Note 1: - Add Surcharge - Nil Note 2: - Add Education Cess - E. Cess is 2% of Income Tax (Rebate u/s 88E is not available w.e.f. AY 2009-2010) Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax (Rebate u/s 88E is not available w.e.f. AY 2009-2010)
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