Thursday, March 4, 2010

New Tax Slabs post Budget 2010

Budget 2010 has been out and there has been a change in the Income Tax Rates that one would pay in FY 2010-11. This post has a brief detail about the changes:


Income Tax Slab  for Financial Year 2010-11
Assessment Year 2011-12
Tax Men  Women Senior  Citizen
Rate (In Rupees) (In Rupees) (In Rupees)
0.00% Upto 1,60,000 Upto 1,90,000 Upto 2,40,000
       
10.00% 1,60,001 to 5,00,000 1,90,001 to 5,00,000 2,40,001 to 5,00,000
       
20.00% 5,00,001 to 8,00,000 5,00,001 to 8,00,000 5,00,001 to 8,00,000
       
30.00% Above 8,00,000 Above 8,00,000 Above 8,00,000
1) Surcharge is Nil and 3% Cess will be charged on Above Tax
2) Age of Senior Citizen is 65 Years

Comment (1)

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Every year a new tax slab has been introduced by the government. People wants to find so that they compare the new tax slab with the previous year. Thanks for sharing this post which shows different tax rate for different people. For further information just go http://bit.ly/Y5RM4O

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