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    Income Tax

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    Manoj K
    The document outlines the personal income tax rates and slabs for the assessment year 2009-10 in India. It lists three taxable income slabs: 1) up to Rs. 160,000 taxed at 0%, 2) Rs. 160,001 - 300,000 taxed at 10%, and 3) Rs. 300,001 and above taxed at 20% or 30% depending on the amount. It also notes exemptions and deductions for women, senior citizens, education cess, surcharges for higher incomes, and the exemption of agricultural income from taxes.

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    Download as PDF, TXT or read online from Scribd

    Income Tax

    Uploaded by

    Manoj K
    150 views1 page
    The document outlines the personal income tax rates and slabs for the assessment year 2009-10 in India. It lists three taxable income slabs: 1) up to Rs. 160,000 taxed at 0%, 2) Rs. 160,001 - 300,000 taxed at 10%, and 3) Rs. 300,001 and above taxed at 20% or 30% depending on the amount. It also notes exemptions and deductions for women, senior citizens, education cess, surcharges for higher incomes, and the exemption of agricultural income from taxes.

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    its for college student n mba interview n gk...

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    The document outlines the personal income tax rates and slabs for the assessment year 2009-10 in India. It lists three taxable income slabs: 1) up to Rs. 160,000 taxed at 0%, 2) Rs. 160,001 - 300,000 taxed at 10%, and 3) Rs. 300,001 and above taxed at 20% or 30% depending on the amount. It also notes exemptions and deductions for women, senior citizens, education cess, surcharges for higher incomes, and the exemption of agricultural income from taxes.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    150 views1 page

    Income Tax

    Uploaded by

    Manoj K
    The document outlines the personal income tax rates and slabs for the assessment year 2009-10 in India. It lists three taxable income slabs: 1) up to Rs. 160,000 taxed at 0%, 2) Rs. 160,001 - 300,000 taxed at 10%, and 3) Rs. 300,001 and above taxed at 20% or 30% depending on the amount. It also notes exemptions and deductions for women, senior citizens, education cess, surcharges for higher incomes, and the exemption of agricultural income from taxes.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
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    Income Tax - Income Tax Rates/ Slab 2009-10

    Income Tax Rates/ Slabs

    PERSONAL TAX RATES

    For individuals, HUF, Association of Persons (AOP) and Body of individuals (BOI):

    For the Assessment Year 2009-10


    Taxable income slab (Rs.) Rate (%)

    Up to 1,60,000
    Up to 1,90,000 (for women) NIL
    Up to 2,40,000 (for resident individual of 65 years or above)

    1,60,001 – 3,00,000 10

    3,00,001 – 5,00,000 20

    5,00,001 upwards 30*


    *A surcharge of 10 per cent of the total tax liability is applicable where the total income exceeds Rs 1,000,000.
    Note : -

    Education cess is applicable @ 3 per cent on income tax, inclusive of surcharge if there is any.
    A marginal relief may be provided to ensure that the additional IT payable, including surcharge, on excess of income over
    Rs 1,000,000 is limited to an amount by which the income is more than this mentioned amount.
    Agricultural income is exempt from income-tax.

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