New Income Tax Slab for FY-2010-11



New Income Slab for Individual
Income Slab Tax Income Slab Tax
Income upto Rs 1,60,000 Nil Income upto Rs 1,60,000 Nil
Income from Rs 1,60,001 to 5,00,000 10 % Income from Rs 1,60,001 to 3,00,000 10 %
Income from Rs 5,00,001 to 8,00,000 20 % Income from Rs 3,00,001 to 5,00,000 20 %
Income above 8,00,000 30 % Income above Rs 5,00,000 30 %
(Tax exemption under Infra Bonds Rs.20,000 from FY 2010-11)

New Income Slab for Women
Income Slab Tax Income Slab Tax
Income upto Rs 1,90,000 Nil Income upto Rs 1,90,000 Nil
Income from Rs 1,90,001 to 5,00,000 10 % Income from Rs 1,90,001 to 3,00,000 10 %
Income from Rs 5,00,001 to 8,00,000 20 % Income from Rs 3,00,001 to 5,00,000 20 %
Income above 8,00,000 30 % Income above Rs 5,00,000 30 %
(Tax exemption under Infra Bonds Rs.20,000 from FY 2010-11)

New Income Slab for Senior Citizen
Income Slab Tax Income Slab Tax
Income upto Rs 2,40,000 Nil Income upto Rs 2,40,000 Nil
Income from Rs 2,40,001 to 5,00,000 10 % Income from Rs 2,40,001 to 3,00,000 10 %
Income from Rs 5,00,001 to 8,00,000 20 % Income from Rs 3,00,001 to 5,00,000 20 %
Income above 8,00,000 30 % Income above Rs 5,00,000 30 %
(Tax exemption under Infra Bonds Rs.20,000 from FY 2010-11)
CGHS subscription will be exempted u/s 80D

Comments

ASWAL said…
Thanks for this calculation. There is one important aspect that now CGHS subscription will be exempted u/s 80D.
Unknown said…
Dear concern,

one of my friend told income tax slab for defese employees tas slab as below upto 1.6 nill 1.6 to 3lakh 10% 3 to 5 lakh 20& and 5lakh and above 30& but i never believed on this please clarify on this

regards
Gururaja M
gururajamsw@gmail.com

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