Income Tax Rates For A.Y. 2009-2010

(i) For Individuals (other then Female and Senior Citizen), HUF, AOP, BOI

Income Slab.......................................Rates of Income Tax
Up to Rs. 1,50,000/- ---------------------Nil
Rs. 1,50,001 to Rs. 3,00,000 -------------10 % of TI exceeding Rs.1,50,000/-
Rs.3,00,001 to Rs. 5,00,000--------------Rs.15,000+20% of TI exceeding Rs.3,00,000/-
Rs.5,00,001 and Above-------------------Rs.55,000+30% of TI exceeding Rs.5,00,000/-


(ii) For Women Resident (Below the age of 65 Years)

Income Slab.......................................Rates of Income Tax
Up to Rs. 1,80,000/--------------------------- Nil
Rs. 1,80,001 to Rs. 3,00,000-------------10 % of TI exceeds Rs.1,80,000/-
Rs.3,00,001 to Rs. 5,00,000-------------Rs.12,000+20% of TI exceeding Rs.3,00,000/-
Rs.5,00,001 and Above ------------------Rs.52,000+30% of TI exceeding Rs.5,00,000/-


(iii) For Senior Citizens (Above the age of 65 Years)

Income Slab......................................... Rates of Income Tax
Up to Rs. 2,25,000/- ----------------------------Nil
Rs. 2,25,001 to Rs. 3,00,000---------------10 % of TI exceeding Rs.2,25,000/-
Rs.3,00,001 to Rs. 5,00,000---------------Rs.7,500+20% of TI exceeding Rs.3,00,000/- Rs.5,00,001 and Above ------------------Rs.47,500+30% of TI exceeding Rs.5,00,000/-



Surcharge @ 10% on Income Tax if income exceeds Rs 10,00,000/-.
Education Cess @ 2% on Income Tax (including Surcharge thereon) on all assessees.
S.H.E.C. @ 1% on Income Tax (including Surcharge thereon) on all assessees.

TI – Total Income