Income Tax Rates
Income Tax Rates decide the tax to be implemented on your income. In India, there are differents rates of Income Tax for men, women and senior citizens. Here is a detail of Income Tax Rates in India.
Income tax slabs 2010-2011 (for Men) in India:
Income Tax Slab (in Rs.) | Tax |
0 to 1,60,000 | No Tax |
1,60,001 to 5,00,000 | 10% |
5,00,001 to 8,00,000 | 20% |
Above 8,00,000 | 30% |
Income tax slabs 2010-2011 (for Women) in India:
Income Tax Slab (in Rs.) | Tax |
0 to 1,90,000 | No Tax |
1,90,001 to 5,00,000 | 10% |
5,00,001 to 8,00,000 | 20% |
Above 8,00,000 | 30% |
Income tax slabs 2010-2011 (for Senior Citizens) in India:
Income Tax Slab (in Rs.) | Tax |
0 to 2,40,000 | No Tax |
2,40,001 to 5,00,000 | 10% |
5,00,001 to 8,00,000 | 20% |
Above 8,00,000 | 30% |
*An educational cess of 3% on tax payable.
Note:
- Education cess is applicable @ 3 per cent on income tax.
- Agricultural income is exempted from income-tax.
To calculate your Income Tax go to Income Tax Calculator
© SurfIndia . All Rights Reserved.