TaxInfo (Applicable from Apr,10 to March,2011)
1. Limit for section 80C is increased to 1,20,000 from one lakh
2. Tax slabs are changed.
New tax slabs applicable from Apr,2010 to Mar,2011
| For the amount | Tax Rate Including Surcharge& Education cess |
|---|---|
| Upto 1,60,000 rupees (For women this free limit is upto 1,90,000) (For senior citizens(>=65 Yrs age) this free limit is upto 2,40,000) |
No Tax |
| 1,60,001 to 5,00,000 (For women this limit is from 1,90,001 to 5Lakhs) (For senior citizens(>=65 Yrs age) this limit is from 2,40,001 to 5Lakhs) |
10.30% |
| 5,00,001 to 8,00,000 | 20.60% |
| 8,00,001 and Above | 30.90% |
Tax slabs applicable from Apr,2009 to Mar,2010
| For the amount | Tax Rate Including Surcharge& Education cess |
|---|---|
| Upto 1,60,000 rupees(For women this free limit is upto 1,90,000) (For senior citizens(>=65 Yrs age) this free limit is upto 2,40,000) |
No Tax |
| 1,60,001 to 3,00,000 (For women this limit is from 1,90,001 to 3Lakhs) (For senior citizens(>=65 Yrs age) this limit is from 2,40,001 to 3Lakhs) |
10.30% |
| 3,00,001 to 5,00,000 | 20.60% |
| 5,00,001 and Above | 30.90% |
Tax slabs applicable from Apr,2008 to Mar,2009
| For the amount | Tax Rate |
|---|---|
| Upto 1,50,000 rupees(For women this free limit upto 1,80,000 and For senior citizens(>=65 Yrs age) this limit is from 2,25,000) | No Tax |
| 1,50,001 to 3,00,000 (for women its from 1,80,001 to 3,00,000 and For senior citizens(>=65 Yrs age) this limit is from 2,25,001 to 3Lakhs) | 10% |
| 3,00,001 to 5,00,000 | 20% |
| 5 Lakhs to 10 Lakhs | 30% |
| 10 Lakhs and Above | 33% |
Tax slabs applicable from Apr,2007 to Mar,2008
| For the amount | Tax Rate |
|---|---|
| Upto 1,10,000 rupees(For women this free limit upto 1,45,000) | No Tax |
| 1,10,001 to 1,50,000 (for ladies its from 1,45,001 to 1,50,000) | 10% |
| 1,50,001 to 2,50,000 | 20% |
| 2,50,001 and Above | 30% |