For individuals, HUF, Association of Persons (AOP) and Body of individuals (BOI):For Year 2010-2011
| TAXABLE INCOME SLAB (Rs.) |
RATE (%) |
| Up to Rs. 160,000 (a)(b) |
NIL |
| Rs. 160,001 to Rs. 500,000 |
10% |
| Rs. 500,001 to Rs. 800,000 |
20% |
| Rs. 800,001 and above (c) |
30% |
Note:
- In the case of a resident woman below the age of sixty-five years, the basic exemption limit is Rs. 190,000
- In the case of a resident individual of the age of sixty-five years or above, the basic exemption limit is Rs. 240,000
- Surcharge is not applicable
- Education cess is applicable @ 3 percent on income-tax
- Marginal relief may be available.
