Income Tax Rates

Income Tax Rates decide the tax to be implemented on your income. In India, there are differents rates of Income Tax for men, women and senior citizens. Here is a detail of Income Tax Rates in India.
Income tax slabs 2010-2011 (for Men) in India:

Income Tax Slab (in Rs.)	Tax
0 to 1,60,000	No Tax
1,60,001 to 5,00,000	10%
5,00,001 to 8,00,000	20%
Above 8,00,000	30%

Income tax slabs 2010-2011 (for Women) in India:

Income Tax Slab (in Rs.)	Tax
0 to 1,90,000	No Tax
1,90,001 to 5,00,000	10%
5,00,001 to 8,00,000	20%
Above 8,00,000	30%

Income tax slabs 2010-2011 (for Senior Citizens) in India:

Income Tax Slab (in Rs.)	Tax
0 to 2,40,000	No Tax
2,40,001 to 5,00,000	10%
5,00,001 to 8,00,000	20%
Above 8,00,000	30%

*An educational cess of 3% on tax payable.

Note:

• Education cess is applicable @ 3 per cent on income tax.
• Agricultural income is exempted from income-tax.

To calculate your Income Tax go to Income Tax Calculator


View Comments

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By Devika Rani (on Nov 28, 2011 01:58 PM) Does the law support divorcees without alimony on tax benefits when they start earning. You are forced to resign from a company because of a divorce proceeding. Leave all your investments in one city and move back to parental support. Does any court or law have a track of movement.

By Devika Rani (on Nov 28, 2011 01:56 PM) Income Tax are basic rules for every citizen. When I am employed continously for 58 years a plan matters. For private employees who can have periods of no income does this really matter. Why should I lock in my finances.

By Devkinandan H Pandey (on Aug 11, 2011 01:38 PM) I bought property in 2000 for 600005.00 rupees. now in 2011 i have sold it for 2500000.00 rupees. how much tax to be paid?

By Rajan (on Aug 06, 2011 07:44 PM) Can i income tax return file what state ment provide to you

By Rajan (on Aug 06, 2011 07:35 PM) How much to deposited in bank amount tds holded & how persentage deducted

By Rajan (on Aug 06, 2011 07:30 PM) How much for deduction allowed in income tax

By Rajan (on Aug 06, 2011 07:27 PM) Current rate of income tax

By Raja (on Aug 06, 2011 07:26 PM) How much for tds holded in individual, partner & salaries person

By Rajan (on Aug 06, 2011 07:19 PM) What statement for income tax deducted

By P.K. Gupta (on Jul 09, 2011 12:38 PM) Tax Slabs are reasonable here in India. Tax filing system is getting more and more simplfied. e-Filing facility does help a lot..

By Nandgaonkar pradeep kumar (on Mar 12, 2011 01:41 PM) This is good

By Prathibha (on Mar 11, 2011 03:17 PM) Irequired TDS & income Tax Slab Rates for last 3 years

By D n tripathy (on Mar 02, 2011 02:02 PM) A calculated work sheet may be displayed for reference.

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