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Income Tax Table

Following is the income tax table applicable on individuals, association of persons and body of persons applicable for the year 2009 – 2010.

Tax income Slab Rate%

Up to Rs. 1, 60, 000 for individuals Nil
Up to Rs. 1, 90, 000 for women Nil
Up to Rs. 2, 40, 000 for senior citizens
Above the age of 65 Nil

Rs. 1, 60, 001 – 3, 00,000
For individuals 10%

Rs. 1, 90, 001– 3, 00, 000
For Women 10%

Rs. 2, 40, 001 – 3, 00, 000
For senior citizens above the age of 65 10%

Rs 3, 00, 001 – 5, 00, 000 for all 20%

Rs. 5, 00, 001 and above for all 30%

Please note that agricultural income is exempted from income tax.
Education cess will be applicable @ 3% on income tax.
A surcharge of 10% will be payable on income above Rs. 10, 00, and 000.