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Thursday, July 16, 2009
Modified India income tax slabs "2009 2010"
Modified India income tax slabs "2009 2010" per budget 2009 A detailed table for your ready reference in calculating your income tax based on the latest income tax slabs. This table is based on the latest income tax slabs / income tax rates for 2009-2010. Summary of income tax rate changes a.. For individual tax payers, there is no tax for income below Rs 1.6 lakhs b.. For women tax payers, no tax for income below Rs 1.9 lakhs c.. For senior citizens, there is no tax for income below Rs 2.40 lakhs. Income tax slab tables for your quick reference India Income tax slabs 2009-2010 for Men Income tax slab (in Rs.) Tax 0 to 1,60,000 No tax 1,60,001 to 3,00,000 10% 3,00,001 to 5,00,000 20% Above 5,00,000 30% India Income tax slabs 2009-2010 for women Income tax slab(in Rs.) Tax 0 to 1,90,000 No tax 1,90,001 to 3,00,000 10% 3,00,001 to 5,00,000 20% Above 5,00,000 30% India Income tax slabs 2009-2010 for Senior citizen Income tax slab(in Rs.) Tax 0 to 2,40,000 No tax 2,40,001 to 3,00,000 10% 3,00,001 to 5,00,000 20% Above 5,00,000 30% The surcharge on the tax for income above Rs 10 lakh is removed.
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