The new income tax rates or Income tax slab applicable for F.Y. 2010-11, A.Y. 2011-12 as announced in Budget 2010 . This is very good news for taxpayer to raise the limit of 10% bracket upto 5 Lakh. Most of the people are confused about income tax rates because a lots of amendments have done like direct tax code (DTC Income Tax Rates). So first find for which year you want to file a return then see the income tax rates/ income tax slab for that year. Suppose now you are going to file income tax returns for F.Y. 2009-10 i.e from 1-4-2009 to 31-03-2010. So you see the income tax slab for Assessment year 2010-11. For more detail read the guide about assessment year and previous year.
Income Tax Slab for A.Y. 2009-10
Income Tax Slab for A.Y. 2010-11
The following are the income tax rates announced in union budget 2010 applicable for financial year 2010-11.
| Individual Male (Below the Age 65 Years) | |
| Up to 1,60,000 | NIL |
| From 1,60,001 to 5,00,000 | 10% |
| From 5,00,001 to 8,00,000 | 20% |
| Above Than 8,00,000 | 30% |
| Individual Female (Below the Age of 65 Years) | |
| Up to 1,90,000 | NIL |
| From 1,90,001 to 5,00,000 | 10% |
| From 5,00,001 to 8,00,000 | 20% |
| Above Than 8,00,000 | 30% |
| Senior Citizen (Above than 65 years of age) | |
| Up to 2,40,000 | NIL |
| 2,40,001 to 5,00,000 | 10% |
| 5,00,001 to 8,00,000 | 20% |
| Above Than 8,00,000 | 30% |
Related posts:
- New Income Tax Slab F.Y.2009-10 | Union Budget 2009
- Union Budget 2010-11 Expectations: Everyone’s!
- TDS Rates for F.Y. 2010-11, A.Y. 2011-12 After all Amendments
- Corporate Tax Rates : Income Tax Rates of Partnership Firms & Companies
- Changes of TDS in Union Budget 2009 | TDS Amendments applicable for A.Y.2010-11
{ 20 comments… read them below or add one }
Sir,
U R Service is very helpful to me and others.
Pls how to calculate EMI (equal monthly installment)
Kindly send me the income tax calculator.
IN FY-2010-2011 CESS WILL REMAIN SAME OR CHANGE FOR INDIVIUDAL.
DEAR SIR,
PLEASE CLARIFY THAT WHAT IS INVESTMENT LIMIT FOR F.Y-2010 TO 2011
REGRDS
SURESH JHA
It would have been better, if FM would have been increased the the Income Tax slab from 1.60 lacs to 1.75 lacs, as their no relaxation to those who are getting above 1.60 lacs to 3.00 lacs.
Regards
YOGESH
pl sent the income tax calculator for A.Y. 2010-11
income tax calculator for A.Y. 1010-11
income tax upto 500,000 should be Zero
Sir,
thank you for the wonderfull anwers for our querries.
Kindly suggest me how to calculate income tax for companies
what is the new limit for saving under section 80 c and other sections admission for rebate from salary income
U/S 80c above 1 lakh ded. Rs 20000 in which infrastructure bond. pls name of this. thanking you!
U/S 80c above 1 lakh ded. Rs 20000 in which infrastructure bond. pls name of this. thanking you!
What a wonderful site this is.
Wow….
Hi Sir/madam
I need every type of updates about the VAT, Sales Taxes, as well as TDS updations. And Kindly send me the calculation procedure of all the taxes.
Regards,
ranveer singh
Could you please provide the Income Tax Clculator for F.Y. 2010-11
what is audit limit for financial year 2010-2011.
U/S 80c above 1 lakh ded. Rs 20000 in which infrastructure bond. pls name of this. thanking you
DEAR SIR ,
FOR F.Y.2010-2011 THE LIMIT OF INVESTMNET COULD HAVE TO BE INCREASED FROM Rs.1,00,000.00 TO 2,00,000.00
THANKS FOR YOUR CO-OPERATION
In this Financial Budget deduction U/S 80c is increased by Rs 20000,but where to invest this amount.Will it be normal like investment for Rs 100000
Please send me tds calculator for F.Y. 2010-11