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Tax Rates for Individuals financial year 2010-11 |
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Tax rates
- Tax rate for Individuals for Financial year 2010-11 (Assessment year 2011-12) is as follows:
Individual (except female/ senior citizen)
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Female (Below 65 years)
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Senior citizen (Above 65 years)
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Rate
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0 – 160,000
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0 - 190000
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0 - 240000
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Nil
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Rs. 160,001 to Rs. 500,000
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Rs. 190,001 to Rs. 500,000
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Rs. 240,001 to Rs. 500,000
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10%
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Rs. 500,001 to Rs. 800,000
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Rs. 500,001 to Rs. 800,000
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Rs. 500,001 to Rs. 800,000
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20%
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> Rs. 800,000
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> Rs. 800,000
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> Rs. 800,000
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30%
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- Education Cess @ 3% of the Income Tax will be levied extra. Surcharge is not applicable.
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