What is the new tax slab for the assessmnet year 2010-11?????
Answer Posted / saurav singh
In case of individual (other than II and III below) and HUF
Income Level Income Tax Rate
i. Where the total income does not exceed Rs.1,60,000/-. NIL
ii. Where the total income exceeds Rs.1,60,000/- but does
not exceed Rs.3,00,000/-. 10% of amount by which the total
income exceeds Rs. 1,60,000/-
iii. Where the total income exceeds Rs.3,00,000/- but does
not exceed Rs.5,00,000/-. Rs. 14,000/- + 20% of the amount
by which the total income exceeds Rs.3,00,000/-.
iv. Where the total income exceeds Rs.5,00,000/-. Rs.
54,000/- + 30% of the amount by which the total income
exceeds Rs.5,00,000/-.
II. In case of individual being a woman resident in India
and below the age of 65 years at any time during the
previous year:-
Income Level Income Tax Rate
i. Where the total income does not exceed Rs.1,90,000/-. NIL
ii. Where total income exceeds Rs.1,90,000/- but does not
exceed Rs.3,00,000/-. 10% of the amount by which the total
income exceeds Rs.1,90,000/-.
iii. Where the total income exceeds Rs.3,00,000/- but does
not exceed Rs.5,00,000/-. Rs. 11,000- + 20% of the amount
by which the total income exceeds Rs.3,00,000/-.
iv. Where the total income exceeds Rs.5,00,000/-
Rs.51,000/- + 30% of the amount by which the total income
exceeds Rs.5,00,000/-.
III. In case of an individual resident who is of the age of
65 years or more at any time during the previous year:-
Income Level Income Tax Rate
i. Where the total income does not exceed Rs.2,40,000/-. NIL
ii. Where the total income exceeds Rs.2,40,000/- but does
not exceed Rs.3,00,000/- 10% of the amount by which the
total income exceeds Rs.2,40,000/-.
iii. Where the total income exceeds Rs.3,00,000/- but does
not exceed Rs.5,00,000/- Rs.6,000/- + 20% of the amount by
which the total income exceeds Rs.3,00,000/-.
iv. Where the total income exceeds Rs.5,00,000/-
Rs.46,000/- + 30% of the amount by which the total income
exceeds Rs.5,00,000/-.
Surcharge: The surcharge on Income Tax for Individuals for
total income exceeding Rs.10 lacs stands removed.
Education Cess: 3% of the Income-tax.
| Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
how we issue the road permit to seller for receiving the rearing material
is there easy guide for the latest India tax & accounting information for 2010?
HOW CAN TAKE THE MAXIMUM GRAUITY (EX RS.3.5 LAC)
What items come under deferred tax liability?
What is excise & service tax?
how to adjustent the accounts part of the company and how to calculate vat and gst .kindly answer me sir. my e-mail id is:- dipak92.dip@gmail.com
how i get h form
WHAT IS DEFERRED TAX LIABILITIES.AND WITH EXMPLE DEFERRED TAX ACCOUNTING?
In India for various goods supplied Excise duties applied by suppliers on goods? How to check this.. Is there any website in
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
I AM SAKTHIVEL,MY QUESTION IS 1.WHAT ARE THE LEDGER TO BE MAINTAINED FOR SERVICE TAX 2.KINDLY EXPLAIN WITH EXAMPLE FOR PURCHASE ALONG WITH SERVICE TAX 3.SALES ALONG WITH SERVICE TAX 4.IN TALLY E.R.P HOW I GROUP THE LEDGER 5.GIVE NECESSARY JOURNAL ENTRY FOR ALL SERVICE TAX RELATED TRANSACTION 6.ANY OTHER IMPORTANT NOTE U WISH TO INFORM ME 7.HOW I CROSS CHECK IT ### PLEASE HELP ME REGARDS SAKTHIVEL
wht do you mean by copmosition of tax
Rules for filling Income Tax return for an Individual ?
when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com
WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT