Tax slab applicable for assessment year 2009-10 or financial year 2008-09

Tax rates for ALL except senior citizens and women

Up to Rs 150,000: Nil

Rs 150,000-300,000: 10% of total income exceeding Rs 150,000

Rs 300,000-500,000: Rs 15,000 +20 of total income exceeding Rs 300,000

Rs 500,000-1 million: Rs 55,000 +30% of total income exceeding Rs 500,000

Above Rs 1 million: Rs 205,000 +30% of total income exceeding Rs 1 million

Tax rates for Senior Citizens

Up to Rs 225,000: Nil

Rs 225,000-300,000: 10% of total income exceeding Rs 225,000

Rs 300,000-500,000: Rs 7,500 +20% of total income exceeding Rs 300,000

Rs 500,000-1 million: Rs 47,500 +30% of total income exceeding Rs 500, ,000

Above Rs 1 million: Rs 197,500 +30% of total income exceeding Rs 1 million

Tax Rates For Women

Up to Rs 180,000: Nil

Rs 180,000-300,000: 10% of total income exceeding Rs 180,000

Rs 300,000-500,000: Rs 12,000 +20% of total income exceeding Rs 300,000

Rs 500,000-1 million: Rs 52,000 +30% of total income exceeding Rs 500,000

Above Rs 1 million: Rs 202,000 +30% of total income exceeding Rs 1 million

Taxable income level

10% surcharge on income above Rs 1 million, 3% cess on tax payable

About these ads

2 Responses to Tax slab applicable for assessment year 2009-10 or financial year 2008-09

  1. lalu yadav says:

    Spot on with this write-up, I absolutely believe that this website needs much more attention.
    I’ll probably be back again to read through more, thanks for the advice!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 198 other followers

%d bloggers like this: