Tax rate applicable for Ay 2010-11

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pradeep mahapatra (Querist)
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13 February 2010 Please provide the details of all tax rate applicable for all heads of income (Including Tds). the Ay 2009-10.

Regards,
Pradeep Mahapatra

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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13 February 2010 Your query is not clear you are asking about tax rate or TDS rate.please clarify

Rahul Gupta

Rahul Gupta (Expert)
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13 February 2010 Also, please b sure that you are asking for AY-2009-2010 and not FY 2009-2010.

My Doubt, arises since its Feb,10 and generally tax planning is going on for AY 2010-11.

Please clarify.

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Rahul Gupta

Rahul Gupta (Expert)
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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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