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Rates of Income Tax |
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Assessment year :2011-12
Previous year : 2010-11 |
Assessment year :2010-11
Previous year : 2009-10 |
| 1. For resident women below the age of 65 years. |
1. For resident women below the age of 65 years. |
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Upto Rs. 1,90,000 |
Nil |
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Rs. 1,90,001 to Rs. 5,00,000 |
10% |
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Rs. 5,00,001 to Rs. 8,00,000 |
20% |
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Above Rs. 8,00,000 |
30% | |
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Upto Rs. 1,90,000 |
Nil |
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Rs. 1,90,001 to Rs. 3,00,000 |
10% |
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Rs. 3,00,001 to Rs. 5,00,000 |
20% |
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Above Rs. 5,00,000 |
30% | |
| 2. For resident Senior Citizens. |
2. For resident Senior Citizens. |
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Upto Rs 2,40,000 |
Nil |
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Rs. 2,40,001 to Rs. 5,00,000 |
10% |
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Rs. 5,00,001 to Rs. 8,00,000 |
20% |
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Above Rs. 8,00,000 |
30% | |
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Upto Rs 2,40,000 |
Nil |
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Rs. 2,40,001 to Rs. 3,00,000 |
10% |
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Rs. 3,00,001 to Rs. 5,00,000 |
20% |
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Above Rs. 5,00,000 |
30% | |
| 3. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies). |
3. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies). |
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Upto Rs. 1,60,000 |
Nil |
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Rs. 1,60,001 to Rs. 5,00,000 |
10% |
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Rs. 5,00,001 to Rs 8,00,000 |
20% |
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Above Rs. 8,00,000 |
30% | |
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Upto Rs. 1,60,000 |
Nil |
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Rs. 1,60,001 to Rs. 3,00,000 |
10% |
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Rs. 3,00,001 to Rs 5,00,000 |
20% |
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Above Rs. 5,00,000 |
30% | |
Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge
Long-Term Capital Gains: 20% on income-tax plus surcharge.
Short-Term Capital Gains u/s 111A:15% on income-tax plus surcharge. |
Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge
Long-Term Capital Gains : 20% on income-tax plus surcharge.
Short-Term Capital Gains u/s 111A :15% on income-tax plus surcharge. |
| Firms |
Firms |
Income tax : 30%.
Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge
Secondary and Higher Education cess : 1% on income-tax plus surcharge |
Income tax : 30%.
Surcharge : 10% if the taxable income exceeds Rs. 100,00,000
Education Cess : 2% on income-tax plus surcharge
Secondary and Higher Education cess : 1% on income-tax plus surcharge |
| Companies |
Companies |
| Domestic Companies
Income tax @ 30%
Surcharge: 7.5% if the taxable income exceeds Rs. 100,00,000.
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge |
Domestic Companies
Income tax @ 30%
Surcharge: 10% if the taxable income exceeds Rs. 100,00,000.
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge |
| Foreign Companies
Income tax @50% on royalty or fee for technical services in pursuance of agreement between 1.04.1961 to 31.03.1976.
Income tax @ 40% in other cases
Surcharge: 2.5% if the taxable income exceeds Rs. 100,00,000.
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge |
Foreign Companies
Income tax @50% on royalty or fee for technical services in pursuance of agreement between 1.04.1961 to 31.03.1976.
Income tax @ 40% in other cases
Surcharge: 2.5% if the taxable income exceeds Rs. 100,00,000.
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge |
| Cooperative |
Cooperative |
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Upto Rs. 10,000 |
10% |
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Rs. 10,001 to Rs. 20,000 |
20% |
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Rs. 20,001 to Above |
30% | |
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Upto Rs. 10,000 |
10% |
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Rs. 10,001 to Rs. 20,000 |
20% |
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Rs. 20,001 to Above |
30% | |
Surcharge : Surcharge Is Not Applicable
Education Cess : 2% on income-tax.
Secondary And Higher EducationCess:- .1% on income tax plus surcharge |
Surcharge : Surcharge Is Not Applicable.
Education Cess : 2% on income-tax.
Secondary And Higher EducationCess:- .1% on income tax plus surcharge |
| Local Authorities |
Local Authorities |
Income tax: 30%.
Surcharge : NIL
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge |
Income tax: 30%.
Surcharge : NIL
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge |
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