Income tax slabs for year 2010-2011
February 25, 2010 by financeminister
The latest income tax slabs for year "2010 2011" per budget 2010
This income tax slab table can be used as a ready reference in calculating your income tax for year 2010-11. This table is based on the latest income tax slabs / income tax rates for 2010-2011.
Summary of income tax rate changes
Income tax slab rate for your quick reference
India Income tax slabs 2010-2011 for General tax payers
| Income tax slab (in Rs.) | Tax |
|---|---|
| 0 to 1,60,000 | No tax |
| 1,60,001 to 5,00,000 | 10% |
| 5,00,001 to 8,00,000 | 20% |
| Above 8,00,000 | 30% |
India Income tax slabs 2010-2011 for Women
| Income tax slab (in Rs.) | Tax |
|---|---|
| 0 to 1,90,000 | No tax |
| 1,90,001 to 5,00,000 | 10% |
| 5,00,001 to 8,00,000 | 20% |
| Above 8,00,000 | 30% |
India Income tax slabs 2010-2011 for Senior citizen
| Income tax slab (in Rs.) | Tax |
|---|---|
| 0 to 2,40,000 | No tax |
| 2,40,001 to 5,00,000 | 10% |
| 5,00,001 to 8,00,000 | 20% |
| Above 8,00,000 | 30% |
In addition to the income tax calculated according to the above income tax slabs, a 3% of Education cess will be charged on the total Income tax paid (not on the total taxable income). If the taxable income exceeds Rs. 10 lacs, a 10% surcharge on the total income tax (not on the total taxable income) is also charged.
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