Answer Posted / tax beginner
TDS/IT Rates are applicable as per Income Slabs, the same
is given in the table below.
Assessment Year - 2010-2011
Previous Year – 2009-10
Income upto Rs 1.6 lakh - Nil
Income above Rs 1.6 lakh and upto Rs. 5 lakh - 10%
Income above Rs.5 lakh and upto Rs. 10 lakh - 20%
Income above Rs. 10 lakh - 30%
Assessment Year - 2011-2012
Previous Year – 2010-11
Income upto Rs 1.6 lakh - Nil
Income above Rs 1.6 lakh and upto Rs. 5 lakh - 10%
Income above Rs.5 lakh and upto Rs. 8 lakh - 20%
Income above Rs. 8 lakh - 30%
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