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| INCOME TAX | TAX RATES | ||||||
| As per Applicable to A.Y. 2011-12 | As per DTC | ||||||
| Any individual being a resident in India, who is of the age not exceed sixty-five | Any individual being a resident in India, who is of the age not exceed sixty-five | ||||||
| 1 | Where the total income does not exceed Rs. 160000 | NIL | 1 | Where Total income does not exceed Rs. 200000 | NIL | ||
| 2 | Where the total income exceed 160000 but not exceed 500000 | 10% of amount exceeding 160000 | 2 | Where the total income exceed 200000 but not exceed 500000 | 10% of amount exceeding 200000 | ||
| 3 | Where the total income exceed 500000 but not exceed Rs800000 | 34000 plus 20% of amount exceeding Rs. 500000 | 3 | Where the total income exceed 500000 but not exceed Rs 1000000 | 30000 plus 20% of amount exceeding Rs. 500000 | ||
| 4 | Where the total income exceeds Rs 800000 | 74000 plus 30% of amount exceeding Rs 800000 | 4 | Where the total income exceeds Rs 1000000 | 30000 plus 100000 plus 30 of amount exceeding Rs. 1000000 | ||
| Any individual being a resident in India, who is of the age of sixty-five or more during the financial Year | Any individual being a resident in India, who is of the age of sixty-five or more during the financial Year | ||||||
| 1 | Where the total income does not exceed Rs. 240000 | NIL | 1 | Where the total income does not exceed Rs. 250000 | NIL | ||
| 2 | Where the total income exceed 240000 but not exceed 500000 | 10% of amount exceeding 240000 | 2 | Where the total income exceed 250000 but not exceed 500000 | 10% of amount exceeding 250000 | ||
| 3 | Where the total income exceed 500000 but not exceed Rs800000 | 26000 plus 20% of amount exceeding Rs. 500000 | 3 | Where the total income exceed 500000 but not exceed Rs1000000 | 25000 plus 20% of amount exceeding Rs. 500000 | ||
| 4 | Where the total income exceeds Rs 800000 | 86000 plus 30% of amount exceeding Rs 800000 | 4 | Where the total income exceeds Rs 1000000 | 25000 plus 100000 plus 30 of amount exceeding Rs. 1000000 | ||
| Any individual being a resident in India, who is Female and of the age not exceed sixty-five | Any individual being a resident in India, who is Female and of the age not exceed sixty-five | ||||||
| 1 | Where the total income does not exceed Rs. 190000 | NIL | 1 | Where Total income does not exceed Rs. 200000 | NIL | ||
| 2 | Where the total income exceed 190000 but not exceed 500000 | 10% of amount exceeds Rs 180000 | 2 | Where the total income exceed 200000 but not exceed 500000 | 10% of amount exceeding 200000 | ||
| 3 | Where the total income exceed 500000 but not exceed Rs800000 | 31000 plus 20% of amount exceeding Rs. 500000 | 3 | Where the total income exceed 500000 but not exceed Rs 1000000 | 30000 plus 20% of amount exceeding Rs. 500000 | ||
| 4 | Where the total income exceeds Rs 800000 | 91000 plus 30% of amount exceeding Rs 500000 | 4 | Where the total income exceeds Rs 1000000 | 30000 plus 100000 plus 30 of amount exceeding Rs. 1000000 | ||
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