INCOME TAX RATES / SLABS

Income Tax Rates / Slabs in India as per Assessment Year

Income Tax Rates/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)                                                           Top >>

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)                                                           Top >>

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%                                                            Top >>