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WHAT IS RATE OF INCOME TAX FOR THE ASS.YEAR 2009-2010?

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WHAT IS RATE OF INCOME TAX FOR THE ASS.YEAR 2009-2010?..

Answer / jagadish kumar

Taxable income slab (Rs.) Rate (%)
Up to 1,50,000
Up to 1,80,000 (for women)
Up to 2,25,000 (for resident individual of 65 years or
above) NIL
1,50,001 – 3,00,000 10
3,00,001 – 5,00,000 20
more then 5,00,000 30

A surcharge of 10 per cent of the total tax liability is
applicable where the total income exceeds Rs 1,000,000.


* Education cess is applicable @ 3 per cent on income tax,
inclusive of surcharge if there is any.

* A marginal relief may be provided to ensure that the
additional IT payable, including surcharge, on excess of
income over Rs 1,000,000 is limited to an amount by which
the income is more than this mentioned amount.

* Agricultural income is exempt from income-tax.

Is This Answer Correct ?    60 Yes 14 No

WHAT IS RATE OF INCOME TAX FOR THE ASS.YEAR 2009-2010?..

Answer / sunita rao

Rate
Income

Men
Women
Senior Citizens

0%
Less than 1,50,000
Less than 1,80,000
Less than 2,25,000

10%
1,50,001 to 3,00,000
1,80,001 to 3,00,000
2,25,001 to 3,00,000

20%
3,00,001 to 5,00,000
3,00,001 to 5,00,000
3,00,001 to 5,00,000

30%
5,00,001 and above
5,00,001 and above
5,00,001 and above

Is This Answer Correct ?    41 Yes 15 No

WHAT IS RATE OF INCOME TAX FOR THE ASS.YEAR 2009-2010?..

Answer / thiyagarajan

Tax Slab rate.

For Individual and HUF.
0 to 1,50,000 Nil
1,50,001 to 3,00,000 10%
3,00,001 to 5,00,000 20%
5,00,001 and above 30%
Above Rs.10,00,000/- 10% Surcharges

For Women assesseee
0 to 1,80,000 Nil
1,80,001 to 3,00,000 10%
3,00,001 to 5,00,000 20%
5,00,001 and above 30%
Above Rs.10,00,000/- 10% Surcharges

For Senoir Citizen
0 to 2,25,000 Nil
2,25,001 to 3,00,000 10%
3,00,001 to 5,00,000 20%
5,00,001 and above 30%
Above Rs.10,00,000/- 10% Surcharges

Is This Answer Correct ?    4 Yes 3 No

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