Income Tax Rate Slabs for Assessment year 2001-2002,2002-2003, 2003-2004, 2004-2005, 2005-2006, 2006-2007, 2007-2008, 2008-2009, 2009-2010, 2010-2011 amd A.Y. 2012-2013 for Individual, Hindu undivided Family (HUF), Women Other Than Senior Citizen.
|
For finanacial year 2011-12 |
|||
| TAX |
MEN |
WOMEN |
SENIOR CITIZEN |
| Basic Exemption |
180000 |
190000 |
250000 |
| 10% tax |
180001 to 500000 |
190001 to 500000 |
250001 to 500000 |
| 20% tax |
500001 to 800000 |
500001 to 800000 |
500001 to 800000 |
| 30% tax |
above 800000 |
above 800000 |
above 800000 |
|
For finanacial year 2010-11 |
|||
| Basic Exemption |
160000 |
190000 |
240000 |
| 10% tax |
160001 to 500000 |
190001 to 500000 |
240001 to 500000 |
| 20% tax |
500001 to 800000 |
500001 to 800000 |
500001 to 800000 |
| 30% tax |
above 800000 |
above 800000 |
above 800000 |
|
For finanacial year 2009-10 |
|||
| Basic Exemption |
160000 |
190000 |
240000 |
| 10% tax |
160001 to 300000 |
190001 to 300000 |
240001 to 300000 |
| 20% tax |
300001 to 500000 |
300001 to 500000 |
300001 to 500000 |
| 30% tax |
above 500000 |
above 500000 |
above 500000 |
|
For finanacial year 2008-09 |
|||
| Basic Exemption |
150000 |
180000 |
225000 |
| 10% tax |
150001 to 300000 |
180001 to 300000 |
225001 to 300000 |
| 20% tax |
300001 to 500000 |
300001 to 500000 |
300001 to 500000 |
|
above 500000 |
above 500000 |
above 500000 |
|
|
For finanacial year 2007-08 |
|||
| Basic Exemption |
110000 |
145000 |
195000 |
| 10% tax |
110001 to 150000 |
145001 to 150000 |
nil |
| 20% tax |
150001 to 250000 |
150001 to 250000 |
195001 to 250000 |
| 30% tax |
above 250000 |
above 250000 |
above 250000 |
|
note:- there is a 10% surcharge if |
income is greater than 10 lakh |
||
|
For finanacial year 2006-07 and 2005-06 |
|||
| Basic Exemption |
100000 |
135000 |
185000 |
| 10% tax |
100001 to 150000 |
135001 to 150000 |
nil |
| 20% tax |
150001 to 250000 |
150001 to 250000 |
185001 to 250000 |
| 30% tax |
above 250000 |
above 250000 |
above 250000 |
|
For finanacial year 2004-05 and 2003-04 |
|||
| Basic Exemption |
50000 |
50000 |
50000 |
| 10% tax |
50001 to 60000 |
50001 to 60000 |
50001 to 60000 |
| 20% tax |
60001 to 150000 |
60001 to 150000 |
60001 to 150000 |
| 30% tax |
above 150000 |
above 150000 |
above 150000 |
|
note:- there is a 10% surcharge |
if income is greater than 1.5 lakh |
||
|
For finanacial year 2002-03 |
|||
| Basic Exemption |
50000 |
50000 |
50000 |
| 10% tax |
50001 to 60000 |
50001 to 60000 |
50001 to 60000 |
| 20% tax |
60001 to 150000 |
60001 to 150000 |
60001 to 150000 |
| 30% tax |
above 150000 |
above 150000 |
above 150000 |
|
note:- there is a 5% surcharge |
if income is greater than 60000. |
||
|
For finanacial year 2001-02 |
|||
| Basic Exemption |
50000 |
50000 |
50000 |
| 10% tax |
50001 to 60000 |
50001 to 60000 |
50001 to 60000 |
| 20% tax |
60001 to 150000 |
60001 to 150000 |
60001 to 150000 |
| 30% tax |
above 150000 |
above 150000 |
above 150000 |
|
note:- there is a 2% surcharge |
if income is greater than 60000. |
||
|
For finanacial year 2000-01 |
|||
| Basic Exemption |
50000 |
50000 |
50000 |
| 10% tax |
50001 to 60000 |
50001 to 60000 |
50001 to 60000 |
| 20% tax |
60001 to 150000 |
60001 to 150000 |
60001 to 150000 |
| 30% tax |
above 150000 |
above 150000 |
above 150000 |
|
note:- there is a 12% surcharge |
if income is greater than 60000. |
||
|
if income>150000 surcharge is 17% |
|||
Can Income Tax Department adjust dues as per their records from refund for later years irrespective of passage of several years? When the present Government has limited enquiry to within four years how can IT department expect assessees to verify alleged tax dues shown in their records for as long back as 14 years when refund becomes due
I received a message from IT that an amount is due Rs 2458 for a.y.2002,. But for which I was not allowed HRA relief for f.y.2001-02,by the I T deptt, As due to my transfer from Visakhapatnam to Nellore ,by my employer LIC of India, and myself and my family stayed at two above mentioned places and thus for which I claimed HRA relief.Instead of allowing relief now IT department asking me to pay income tax of Rs 2458/- afty span of 19 years, which is totally please advise
Sir
I am a bank employee and want to know as per govt. Instruct which allowance will form part of income in the financial year 2005_06. Viz basic pay. Dearness allowance HRA. CCA. Other allowance. Provision by bank for PF
Pension. Gratuity. Rebursement of conveyance charges. Newspaper. Etc. Kindly provide copy of instructions also.
I want to know when the education cess on Income Tax was introduced and the year of introduction of Higher education cess
Sir,
Kindly inform as to whether secondary and Higher education Cess @ 3% on the Total Tax to be paid is applicable for the financial year 2010-11 and 2011-12
Dear sir I m govt employ uttrakhand from 1 /4 /2004 to 31/3/2005 my tax calculated by wrong person &due to this 3925 Rs deducted from my feb 2005 salery till today I cud nt get it (gross salery 118749) minus hill devlpmnt allowncs 2580=116169)minus standard deducton 30000)=86169) savng undr sec 88D =8630) please calculate my tax help me can I get it back or not )300 Rs sunami pm relief fund me dia)us year rule es tarah tha (from gross salery minus H D A(hill devlopment allownces)& standard deduction 30000Rs after doing this if balance is below than111240 Rs then tax will be not calculated)09627046601
E.Cess & SHEC rate for the above period where required is not mentioned. So how the correct tax figure will be calculated.
DEAR SIR , THANKS FOR THIS MESSAGE
DEAR SIR, I NEED THIS SLAP RATE VERY USE FULL MY PRACTICE
what was service tax in financial year 2001-2002?
Dear Sir,
Could you kindly let me have the Income tax slab structure applicable to very senior citizens
( aged 80 years and above) for the assessment years 2005/06, 2006/07, 2007/08, 2008/09 and 2009/10
you need to mention also Education cess which is 2% and Higher Education cess 1%& also catorized senior citizen ( 60 and above 60+ )
very nice
For individual assesse it is very helpful.
Sir the income tax rates information is very useful. But there is no mention about the Education Cess.
A small correction
For finanacial year 2004-05 and 2003-02 surcharge is 10% if income is greater than 1.5 lakh instead of 8.5 lakh