Tax rate applicable from April 2010

The following are the income tax rates announced in union budget 2010 applicable for financial year 2010-11.

Individual Male (Below the Age 65 Years)
Up to 1,60,000                                    NIL
From 1,60,001 to 5,00,000                 10%
From 5,00,001 to 8,00,000                  20%
Above Than 8,00,000                          30%

Individual Female (Below the Age of 65 Years)
Up to 1,90,000                                  NIL
From 1,90,001 to 5,00,000               10%
From 5,00,001 to 8,00,000               20%
Above Than 8,00,000                       30%

Senior Citizen (Above than 65 years of age)

Up to 2,40,000                              NIL
2,40,001 to 5,00,000                    10%
5,00,001 to 8,00,000                    20%
Above Than 8,00,000                   30%

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