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Income Tax Slabs

Union Budget 2010: New Income Tax Rates for A.Y. 2011-12

February 26, 2010

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 [...]

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Corporate Tax Rates : Income Tax Rates of Partnership Firms & Companies

December 9, 2009

Income Tax Rates for Partnership Firms
Assessment Year 2010-11

Flat rate of tax @ 30% on total income of the firm.
Surcharge: Nil
Education Cess: 2% of the amount of income Tax
Secondary & Higher Education Cess: 1% on the amount of income Tax

Assessment Year 2008-09 and 2009-10

Flat rate of tax @ 30 % on total income of the [...]

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Income Tax Calculator for A.Y. 2009-2010, A.Y. 2010-2011

September 27, 2009

We have made various income tax calculators for various income tax calculations. But now we have made combind income tax calculator for our readers. With this income tax calculator you can Calculate income tax for A.Y. 2008-09, A.Y. 2009-10, A.Y. 2010-11 only by one Income Tax Calculator for assessment year 2009-2010, 2010-2011.
If you want to [...]

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New Income Tax Slab under New Direct Tax Code 2009

August 14, 2009

Finance Minister on Wednesday commenced essential tax reforms through a draft code that intends at toning down income tax rates.
So I am giving New Income Tax slab under New Direct Tax code 2009. However, it is proposed right now, and if it gets approval it will be applicable to A.Y. 2011-2012. Updates: (The DTC direct [...]

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New Income Tax Slab F.Y.2009-10 | Union Budget 2009

July 6, 2009

This day (06-july-2009) income tax exemption limit subsequent union budget 2009 for individual tax payers was increased by Rs 10,000 for Male below 65 years, women and Rs 15,000 for senior citizens (i.e. 65 years and above) by the finance minister.
The current income tax exemption limit is Rs 1.5 lakh (Rs 150,000) for men, Rs [...]

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Income Tax Calculator

December 22, 2008

I have made some calculators which you can use online without any download. With these you can calculate your income tax, advance tax payment, interest u/s 234A, 234B, 234C. More calculators are coming soon. so please subscribe your email and mobile for latest updates.1) Income Tax Calculator for A.Y. 2008-09, A.Y. 2009-102) Income Tax Calculator [...]

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Income Tax Calculator with interest calculation u/s 234A, 234B., 234C

December 21, 2008

Income tax returns for individuals must be filed before July 31. That means, your income tax return for the income earned during April 2007 to March 2008 will have to be filed before the 31st of July 2008.
But don’t worry if you have missed the last date. you are not liable to any penalty but [...]

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Income Tax slab For The Assessment year 2009-10, tax india

November 8, 2008

Income Slab
Tax Rate

Up to Rs.1,50,000 (Male) / Up to Rs 1,80,
000 (Female) / Up to 2,25,
000 (for resident individual of 65 years or above)
NIL

Rs. 1,50,001 to Rs. 3,00,
000 (Male)/ Rs 1,80,001 to Rs 3,00,
000 (Female)
10%

Rs. 3,00,001 to Rs. 5,00,
000
20%

Rs. 5,00,001 and above
30% *

* A surcharge of 10 per cent of the total tax [...]

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