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Tax rates
- Tax rate for Individuals for Financial year 2009-10 (Assessment year 2010-11) is as follows:
Income Range
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General (non-senior and non-women)
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Women
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Senior Citizens
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Upto Rs. 160,000
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Nil
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Nil
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Nil
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Rs. 160,000 to Rs. 190,000
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10%
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Nil
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Nil
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Rs. 190,000 to Rs. 240,000
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10%
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10%
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Nil
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Rs. 240,000 to Rs. 300,000
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10%
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10%
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10%
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Rs. 300,000 to Rs. 500,000
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20%
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20%
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20%
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Above Rs. 500,000
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30%
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30%
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30%
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- No surcharge on Income Tax for the Financial Year 2009-10 for Individuals whereas Education Cess remains same @ 3%.
To know more about how you you can invest up to Rs. 1.15 lakhs to save tax. please visit www.simplyknowtax.com.
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