INCOME TAX RATES : F.Y. 2009-10
The Income Tax Rates as per Finance Act 2009 for the FY. 2009-10 are as follows
Rates for Resident Senior Citizens (FY 2009-10):
Up to Rs 2,40,000 NIL
2,40,001 to 3,00,000 10%
3,00,001 to 5,00,00 20%
Above 5,00,000 30%
2,40,001 to 3,00,000 10%
3,00,001 to 5,00,00 20%
Above 5,00,000 30%
Rates for Resident Women (below the age of 65 years) (FY 2009-10)
Up to Rs 1,90,000 NIL
1,90,001 to 3,00,000 10%
3,00,001 to 5,00,00 20%
Above 5,00,000 30%
Rates for Other Individuals (FY 2009-10):
Up to Rs 1,60,000 NIL
1,60,001 to 3,00,000 10%
3,00,001 to 5,00,00 20%
Above 5,00,000 30%
Education cess @3%
Is the surcharge still applicable for income above 10 lacs ?
I thought it is removed in the latest budget
Yes it has been removed as per Finance Act 2009. I will correct it.