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 |
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