Income Tax Related

Income Tax Calculations AY 2010-11

INCOME TAX CALCULATIONS FOR ASSESSMENT YEAR 2010-11

(i) In case of individuals (other than women and individuals who are of the age of 65 years or more at any timeduring the financial year 2009-10) -

Income (In Rs.) Tax Liability (In Rs.)Upto Rs. 1,60,000 Nil

Between Rs. 1,60,001 - Rs. 3,00,000 10% of income in excess of Rs. 1,60,000

Between Rs. 3,00,001 - Rs. 5,00,000 Rs. 14,000 + 20% of income in excess of Rs. 3,00,000

Above Rs.5,00,000 Rs. 54,000 + 30% of income in excess of Rs. 5,00,000

(ii) In case of women (other than women who are of the age of 65 years or more at any time during the financialyear 2009-10)-

Income (In Rs.) Tax Liability (In Rs.)Upto Rs. 1,90,000 Nil

Between Rs. 1,90,001 - Rs. 3,00,000 10% of income in excess of Rs. 1,90,000

Between Rs. 3,00,001 - Rs. 5,00,000 Rs. 11,000 + 20% of income in excess of Rs. 3,00,000

Above Rs.5,00,000 Rs. 51,000 + 30% of income in excess of Rs. 5,00,000

(iii) In case of individuals who are of the age of 65 years or more at any time during the financial year 2009-10-

Income (In Rs.) Tax Liability (In Rs.)Upto Rs. 2,40,000 Nil

Between Rs. 2,40,001 - Rs. 3,00,000 10% of income in excess of Rs. 2,40,000

Between Rs. 3,00,001 - Rs. 5,00,000 Rs. 6,000 + 20% of income in excess of Rs. 3,00,000

Above Rs.5,00,000 Rs. 46,000 + 30% of income in excess of Rs. 5,00,000

(h) There is no surcharge for AY 2010-11.(i) In item No. 9, calculate the education cess including secondary and higher education cess at the rate of three per cent ofitem No.8

source: Income Tax department, Govt. of India 

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