EXPECTED INCOME TAX RATES FOR THE FINANCE BILL 2009
[ A.] For Resident Women (who is below 65 years at time during the previous year)
Net Range Income Income tax rates Surcharge Education Cess
(2%+H&S Cess 1%)
Upto Rs.2,50,000 Nil Nil Nil
Rs.2,50,001 - Rs. 3,00,000 10% Nil 3% of Income Tax
Rs.3,00,001 - Rs. 5,00,000 20% Nil 3% of Income Tax
Rs.5,00,001 - Rs. 10,00,000 30% Nil 3% of Income Tax
Above Rs. 10,00,000 30% 10% 3% of Income Tax
& Surcharge
[ B.]For Resident Senior Citizen (who is 65 years or more at any time during the previous year)
Net Range Income Income tax rates Surcharge Education Cess
(2%+H&S Cess 1%)
Upto Rs.3,00,000 Nil Nil Nil
Rs.3,00,001 - Rs. 5,00,000 20% Nil 3% of Income Tax
Rs.5,00,001 - Rs. 10,00,000 30% Nil 3% of Income Tax
Above Rs. 10,00,000 30% 10% 3% of Income Tax
& Surcharge
[ C. ] For any other Individual, every HUF/AOP/BOI/artificial judicial person
Net Range Income Income tax rates Surcharge Education Cess
(2%+H&S Cess 1%)
Upto Rs.2,00,000 Nil Nil Nil
Rs.2,00,001 - Rs. 3,00,000 10% Nil 3% of Income Tax
Rs.3,00,001 - Rs. 5,00,000 20% Nil 3% of Income Tax
Rs.5,00,001 - Rs. 10,00,000 30% Nil 3% of Income Tax
Above Rs. 10,00,000 30% 10% 3% of Income Tax
& Surcharge
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