Friday, April 30, 2010

NEW TAX RATE OF INCOME TAX BUDGET 2010

TAX RATES AFTER BUDGET 2009,PRESENTED BY FM 26.02.2010 APPLICABLE FOR FY 2010-11
INDIVIDUAL AGE<65 ,MALE
UPTO 160000NIL
160001-50000010.00%
500000-80000020.00%
MORE THAN 80000030.00%
INDIVIDUAL AGE<65 ,FEMALE
UPTO 190000NIL
190001-50000010.00%
500000-80000020.00%
MORE THAN 80000030.00%
RESIDENT SENIOR CITIZEN
UPTO 240000NIL
240001-50000010.00%
500000-80000020.00%
MORE THAN 80000030.00%
SURCHARGE ON INCOME ABOVE 10 LAKH HAS ALSO BEEN ABOLISHED

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