A detailed table for your ready reference in calculating your income tax based on the latest income tax slabs.
This table is based on the latest income tax slabs
income tax rates for 2009-2010.
For individual tax payers, there is
no tax for income below Rs 1.6 lakhs
b.. For women tax payers, no tax for income below Rs 1.9 lakhs
c.. For senior citizens, there is no tax for income below Rs 2.40 lakhs.
Men
Income tax slab (in Rs.) Tax
0 to 1,60,000 No tax
1,60,001 to 3,00,000 10%
3,00,001 to 5,00,000 20%
Above 5,00,000 30% I
women
0 to 1,90,000 No tax
1,90,001 to 3,00,000 10%
3,00,001 to 5,00,000 20%
Above 5,00,000 30%
Senior citizen
0 to 2,40,000 No tax
2,40,001 to 3,00,000 10%
3,00,001 to 5,00,000 20%
Above 5,00,000 30%
The surcharge on the tax for income above Rs 10 lakh is removed.