Income Tax rates for the assessment year 2010-2011
For Individuals & HUF Other than women & senior citizens
| Taxable Income | Tax rate |
|---|---|
| Up to 1,60,000 | NIL |
| 1,60,010 to 3,00,000 | 10% |
| 3,00,010 to 5,00,000 | 20% |
| Above 5,00,000 | 30% |
| Education cess | 2% |
| SHEC | 1% |
| Surcharge | N/A |
For Resident Women
| Taxable Income | Tax rate |
|---|---|
| Up to 1,90,000 | NIL |
| 1,90,010 to 3,00,000 | 10% |
| 3,00,010 to 5,00,000 | 20% |
| Above 5,00,000 | 30% |
| Education cess | 2% |
| SHEC | 1% |
| Surcharge | N/A |
For Senior Citizens
| Taxable Income | Tax rate |
|---|---|
| Up to 2,40,000 | NIL |
| 2,40,010 to 3,00,000 | 10% |
| 3,00,010 to 5,00,000 | 20% |
| Above 5,00,000 | 30% |
| Education cess | 2% |
| SHEC | 1% |
| Surcharge | N/A |
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Tags: deductions, exemptions, Income Tax, india, salaries, salary