Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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


Please Help Members By Posting Answers For Below Questions

how we issue the road permit to seller for receiving the rearing material

2319


is there easy guide for the latest India tax & accounting information for 2010?

1956


HOW CAN TAKE THE MAXIMUM GRAUITY (EX RS.3.5 LAC)

2009


What items come under deferred tax liability?

1054


What is excise & service tax?

1046


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

1364


how i get h form

2178


WHAT IS DEFERRED TAX LIABILITIES.AND WITH EXMPLE DEFERRED TAX ACCOUNTING?

1961


In India for various goods supplied Excise duties applied by suppliers on goods? How to check this.. Is there any website in

1754


What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.

2122


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

2110


wht do you mean by copmosition of tax

3811


Rules for filling Income Tax return for an Individual ?

1934


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

2031


WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT

2189