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Income Tax Rates / Income Tax Slabs for Previous Years

 

 

 

The following tax rates will  be applicable for Assessment Year 2011-12 i.e.  for the Financial Year ending March 31, 2011

Income Range

General (non-senior and non-women)

Women (Below 65 years of age)

Senior Citizens (Men and Women above 65 years of age)

Upto Rs. 160,000

Nil

Nil

Nil

Rs. 160,001 to Rs. 190,000

10%

Nil

Nil

Rs. 190,001 to Rs. 2,40,000

10%

10%

Nil

Rs. 2,40,001 to Rs. 5,00,000

10%

10%

10%

Rs. 5,00,001 to Rs. 8,00,000

20%

20%

20%

Above Rs. 800,000

30%

30%

30%

 

(A) For All  Resident Individual and HUF : (except  (i) Resident Women below the age of 65 Years of age and  (ii) Resident Senior Citizens (who are above 65 years or more at any time during the said financial year) :-

Net Income Range Income Tax    
Upto Rs. 1,60,000 Nil    
Rs.1,60,001 to Rs.5,00,000 10% of income above Rs.1,60,000/-    
Rs, 5,00,001 to Rs. 8,00,000 Rs.34,000/- + 20% of the income above Rs.5,00,000/-    
Rs,8,00,001 and above Rs.94,000 + 30% of income above Rs.8,00,000/-    
       
       

(B) For Resident Senior Citizens (i.e. who are 65 years or more at any time during the financial year) - The income tax rates are same for "Men" and "Women" who are 65 or more years during the financial year :

Net Income Range Income Tax    
Upto Rs. 2,40,000 Nil    
Rs.2,40,001 to Rs.5,00,000 10% of income above Rs 2,40,000/-    
Rs,5,00,001 to Rs.8,00,000/- Rs.26,000+ 20% of income above Rs.5,00,000/-    
Above Rs. 8,00,000 Rs.86,000/- + 30% of the income above Rs.8,00,000/-    
       

(C) For All  Resident Women Who are Below the age of 65 years  (for women above 65 years age the above rules at (B) will be applicable):-

Net Income Range Income Tax    
Upto Rs. 1,90,000 Nil    
Rs.1,90,001 to Rs.5,00,000 10% of income above Rs.1,90,000/-    
Rs, 5,00,000 to Rs. 8,00,000 Rs.31,000/- + 20% of the income above Rs.5,00,000/-    
Rs,8,00,001  and above Rs.91,000 + 30% of income above Rs.8,00,000/-    
       
       

 

SIMPLE  TAX  CALCULATOR TO KNOW YOUR TAX LIABILITY

 

 

 

Income Tax Rates / Income Tax Slabs for A.Y. (2011-12)

Slab (Rs.)

Tax (Rs.)

less than 1,60,000

Nil

1,60,000 to 5,00,000

(TI – 1,60,000) * 10%

5,00,000 to 8,00,000

34,000 + (TI – 5,00,000) * 20%

Greater than 8,00,000

94,000 + (TI – 8,00,000) * 30%

Women aged 65 years or less

Slab (Rs.)

Tax (Rs.)

less than 1,90,000

Nil

1,90,000 to 5,00,000

(TI – 1,90,000) * 10%

5,00,000 to 8,00,000

31,000 + (TI – 5,00,000) * 20%

Greater than 8,00,000

91,000 + (TI – 8,00,000) * 30%

Senior Citizens (Individuals aged above 65 years)

Slab (Rs.)

Tax (Rs.)

less than 2,40,000

Nil

2,40,000 to 5,00,000

(TI – 2,40,000) * 10%

5,00,000 to 8,00,000

26,000 + (TI – 5,00,000) * 20%

Greater than 8,00,000

86,000 + (TI – 8,00,000) * 30%

Income Tax Rates/Slabs for A.Y. (2010-11)

Slab (Rs.)

Tax (Rs.)

less than 1,60,000

Nil

1,60,000 to 3,00,000

(TI – 1,60,000) * 10%

3,00,000 to 5,00,000

14,000 + (TI – 3,00,000) * 20%

Greater than 5,00,000

54,000 + (TI – 5,00,000) * 30%

Women aged 65 years or less

Slab (Rs.)

Tax (Rs.)

less than 1,90,000

Nil

1,90,000 to 3,00,000

(TI – 1,90,000) * 10%

3,00,000 to 5,00,000

11,000 + (TI – 3,00,000) * 20%

Greater than 5,00,000

51,000 + (TI – 5,00,000) * 30%

Senior Citizens (Individuals aged above 65 years)

Slab (Rs.)

Tax (Rs.)

less than 2,40,000

Nil

2,40,000 to 3,00,000

(TI – 2,40,000) * 10%

3,00,000 to 5,00,000

6,000 + (TI – 3,00,000) * 20%

Greater than 5,00,000

46,000 + (TI – 5,00,000) * 30%

 

Income Tax Rates/Slabs for A.Y. (2009-10)

Slab (Rs.)

Tax (Rs.)

less than 1,50,000

Nil

1,50,000 to 3,00,000

(TI – 1,50,000) * 10%

3,00,000 to 5,00,000

15,000 + (TI – 3,00,000) * 20%

Greater than 5,00,000

55,000 + (TI – 5,00,000) * 30%

Women aged 65 years or less

Slab (Rs.)

Tax (Rs.)

less than 1,80,000

Nil

1,80,000 to 3,00,000

(TI – 1,80,000) * 10%

3,00,000 to 5,00,000

12,000 + (TI – 3,00,000) * 20%

Greater than 5,00,000

52,000 + (TI – 5,00,000) * 30%

Senior Citizens (Individuals aged above 65 years)

Slab (Rs.)

Tax (Rs.)

less than 2,25,000

Nil

2,25,000 to 3,00,000

(TI – 2,25,000) * 10%

3,00,000 to 5,00,000

7,500 + (TI – 3,00,000) * 20%

Greater than 5,00,000

47,500 + (TI – 5,00,000) * 30%

Income Tax Rates/Slabs for A.Y. (2008-09)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax

(if TI > Rs.10 Lakhs)

less than 1,10,000

Nil

Nil

1,10,000 to 1,50,000

(TI – 1,10,000) * 10%

10%

1,50,000 to 2,50,000

4,000 + (TI – 1,50,000) * 20%

10%

Greater than 2,50,000

24,000 + (TI – 2,50,000) * 30%

10%

Women aged 65 years or less

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax (if

TI > Rs.10 Lakhs) (Rs.)

less than 1,45,000

Nil

Nil

1,45,000 to 1,50,000

(TI – 1,45,000) * 10%

10%

1,50,000 to 2,50,000

500 + (TI – 1,50,000) * 20%

10%

Greater than 2,50,000

20,500 + (TI – 2,50,000) * 30%

10%

Senior Citizens (Individuals aged above 65 years)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax (if

TI > Rs.10 Lakhs) (Rs.)

less than 1,95,000

Nil

Nil

1,95,000 to 2,50,000

(TI – 1,95,000) * 20%

10%

Greater than 2,50,000

11,000 + (TI – 2,50,000) * 30%

10%

Education Cess has to be added on Income-tax and Surcharge @ 2% from AY 2004-05 and 3% from AY 2007-08

Income Tax Rates/Slabs for A.Y. (2006-07 & 2007-08)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax

(if TI > Rs.10 Lakhs)

less than 1,00,000

Nil

Nil

1,00,000 to 1,50,000

(TI – 1,00,000) * 10%

10%

1,50,000 to 2,50,000

5,000 + (TI – 1,50,000) * 20%

10%

Greater than 2,50,000

25,000 + (TI – 2,50,000) * 30%

10%

Women aged 65 years or less

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax (if

TI > Rs.10 Lakhs) (Rs.)

less than 1,35,000

Nil

Nil

1,35,000 to 1,50,000

(TI – 1,35,000) * 10%

10%

1,50,000 to 2,50,000

1,500 + (TI – 1,50,000) * 20%

10%

Greater than 2,50,000

21,500 + (TI – 2,50,000) * 30%

10%

Senior Citizens (Individuals aged above 65 years)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax (if

TI > Rs.10 Lakhs) (Rs.)

less than 1,85,000

Nil

Nil

1,85,000 to 2,50,000

(TI – 1,85,000) * 20%

10%

Greater than 2,50,000

13,000 + (TI – 2,50,000) * 30%

10%

Income Tax Rates/Slabs for A.Y. (2004-05 & 2005-06)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax

(If TI > Rs.8.50 Lakhs) (Rs.)

less than 50,000

Nil

Nil

50,000 to 60,000

(TI – 50,000) * 10%

10%

60,000 to 1,50,000

1,000 + (TI – 60,000) * 20%

10%

Greater than 1,50,000

19,000 + (TI – 1,50,000) * 30%

10%

Income Tax Rates/Slabs for A.Y. (2003-04)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax

(If TI > Rs.60,000) (Rs.)

Less than 50,000

Nil

Nil

50,000 to 60,000

(TI – 50,000) * 10%

5%

60,000 to 1,50,000

1,000 + (TI – 60,000) * 20%

5%

Greater than 1,50,000

19,000 + (TI – 1,50,000) * 30%

5%

Income Tax Rates/Slabs for A.Y. (2002-03)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax

(If TI > Rs.60,000)

Less than 50,000

Nil

Nil

50,000 to 60,000

(TI – 50,000) * 10%

2%

60,000 to 1,50,000

1,000 + (TI – 60,000) * 20%

2%

Greater than 1,50,000

19,000 + (TI – 1,50,000) * 30%

2%

Income Tax Rates/Slabs for A.Y. (2001-02)

Slab (Rs.)

Tax (Rs.)

Surcharge

TI > 60,000

Surcharge

TI > 1,50,000

Less than 50,000

Nil

Nil

Nil

50,000 to 60,000

(TI – 50,000) * 10%

12%

17%

60,000 to 1,50,000

1,000 + (TI – 60,000) * 20%

12%

17%

Greater than 1,50,000

19,000 + (TI – 1,50,000) * 30%

12%

17%

 

 

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