INCOME TAX RATES : F.Y. 2009-10

By Harshal

tax_india

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%
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%

 

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This entry was posted on Tuesday, September 15th, 2009 at 9:46 am and is filed under Business, Income Tax, TAXATION. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 comments on “INCOME TAX RATES : F.Y. 2009-10”


  1. sanjeev says:
    September 15th, 2009
    11:07 am

    Is the surcharge still applicable for income above 10 lacs ?
    I thought it is removed in the latest budget


  2. Harshal says:
    September 15th, 2009
    4:17 pm

    Yes it has been removed as per Finance Act 2009. I will correct it.

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