WHAT IS RATE OF INCOME TAX FOR THE ASS.YEAR 2009-2010?
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
Expand----------ACBD
What is 'TREASURY STOCK / TREASURY SHARES'?
WHAT IS INTEGRAL ACCOUNTING
0 Answers Cognizant, Genpact, Integrated,
How Many Type's of Cheques? with explanation and Examples?
Expand ________CADE
Expand-------BANT
Pls Explain Accounting Standered 1,3,11,29
A company maintains a margin of safety of 25% on its current sales and earns a profit of Rs. 30 lakhs per annum. If the company has a profit volume (P/V) ratio of 40%, its current sales amount to A. Rs. 200 lakhs; B. Rs. 300 lakhs; C. Rs. 325 lakhs; D. None of the above.
How to reduce axis bank Emi ?
what is finance
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school
How to calculate salary structure( PF, ESI, Gratuity, CCA, HRA, etc)