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Monday, September 28, 2009

Tax slabs for financial year 2009-2010

There is a slight change in the income tax slabs for financial year 2009-2010 introduced in Annual Budget 2009.


India Income tax slabs 2009-2010 for Men

Income tax slab (in Rs.)Tax
0 to 1,60,000No tax
1,60,001 to 3,00,00010%
3,00,001 to 5,00,00020%
Above 5,00,00030%

India Income tax slabs 2009-2010 for women

Income tax slab(in Rs.)Tax
0 to 1,90,000No tax
1,90,001 to 3,00,00010%
3,00,001 to 5,00,00020%
Above 5,00,00030%

India Income tax slabs 2009-2010 for Senior citizen

Income tax slab(in Rs.)Tax
0 to 2,40,000No tax
2,40,001 to 3,00,00010%
3,00,001 to 5,00,00020%
Above 5,00,00030%
The surcharge on the tax for income above Rs 10 lakh is removed.

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