what are the slab rate for F Y 2010-11
Answer / Deependra Verma
The income tax slab rates for Financial Year 2010-11 in India were as follows:
1. Rs. 150,000 or less – 10%
2. More than Rs. 150,000 but less than Rs. 500,000 – 20%
3. More than Rs. 500,000 but less than Rs. 1,000,000 – 20% + 10% (on the amount above Rs. 150,000)
4. More than Rs. 1,000,000 but less than Rs. 5,000,000 – 30% + 20% (on the amount between Rs. 150,001 and Rs. 500,000) + 10% (on the amount above Rs. 1,000,000)
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