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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

Revision of hourly rates of incentive bonus and bonus factor



GOVERNMENT OF INDIA

MINISTRY OF RAILWAYS

(RAILWAY BOARD)

No.2008/M(W)/814/38                                                    New Delhi,dated: 23.02.2010

The GMs / CAO(R)
All Indian Railways/Production Units,


       Subject : Revision of hourly rates of incentive bonus and bonus factor of Workshops / PUs in respect of staff under CRJ pattern / GIS - Clarification.
       Ref: Board's letter of even no. dated 29.10.09.

        Vide Board's letter under reference, the revised hourly rates of incentive bonus and bonus factor of workshops / PUs were advised to the Railways. Some of the Railways have sought certain clarifications regarding implementation of above instructions. The details of issues raised the clarifications are given below:

        i. Issue: Date of revision of incentive bonus in case of SSE / SE (Grade Pay 4600).
        Clarification: The revised in case of SSEs / SEs (Grade Pay 4600) will be effective from 1.6.09.
        ii. Issue: Category of supervisors who are entitled for incentive.
        Clarification: SSEs / SEs directly supervising the staff working on the shop floor are entitled for payment of incentive bonus at a flat rate of 15% of the basic pay. For related issues, kindly refer to Board's letter No.99/M(Prod.)/814/35 dated 22.5.2000 and 16.3.2004.
        iii. Issue: Guidelines for reduction of 5% in allowed time.
        Clarification: Workshops / PUs may reduce the normalized time for individual activity in such a manner that the overall allowed time for that activity is reduced by 5%.
        iv. Issue: Payment of incentive to staff and supervisors on getting the benefit of Modified Assured Career Progression (MACP).
        Clarification: Incentive payment should be decided on the basis of the post/designation held by the employee and the hourly rate/bonus factor corresponding to that post/designation.

(Vinod Kumar)
Jt. Director Mech. Engg.(P)I
Railway Board.

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