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Income Tax Rates | Money Tree Solution Place

 

For individuals, HUF, Association of Persons (AOP) and Body of individuals (BOI):For Year 2010-2011

 

TAXABLE INCOME SLAB (Rs.) RATE (%)
Up to Rs. 160,000 (a)(b) NIL
Rs. 160,001 to Rs. 500,000 10%
Rs. 500,001 to Rs. 800,000 20%
Rs. 800,001 and above (c) 30%



Note:

    • In the case of a resident woman below the age of sixty-five years, the basic exemption limit is Rs. 190,000

 

    • In the case of a resident individual of the age of sixty-five years or above, the basic exemption limit is Rs. 240,000

 

    • Surcharge is not applicable

 

    • Education cess is applicable @ 3 percent on income-tax

 

  • Marginal relief may be available.
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