Tax rate 2010-11

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..... Tax rate 2010-11
Query (Issue) Started By: - nasisr haider Dated:- 3-1-2011 Last Reply Date:- 5-1-2011 Income Tax
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Income Tax
what is the current income tax rate 2010-11 Reply By rishi mohan: The Reply: Current income tax slab rates are as follows Individuals, HUF Net Income Range Income Tax Rates Tax Upto Rs. 1,60,000 Nil Nil Rs. 1,60,000 - Rs. 3,00,000 10% 10% .....

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..... of total income minus Rs. 1,60,000 See Notes Rs. 3,00,000 - Rs. 5,00,000 20% Rs. 14,000 + 20% of total income minus Rs. 3,00,000 --do-- Above 5,00,000 30% Rs. 54,000 + 30% of total income minus Rs. 5,00,000 --do-- Special Rates for Resident Women (who is below 65 years at any time during the previous year) Net Income Range Income Tax Rates Tax Upto Rs. 1,90,000 Nil Nil Rs. 1,90,0 .....

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..... 00 - Rs. 3,00,000 10% 10% of total income minus Rs. 1,90,000 See Notes Rs. 3,00,000 - Rs. 5,00,000 20% Rs. 11,000 + 20% of total income minus Rs. 3,00,000 --do-- Above 5,00,000 30% Rs. 51,000 + 30% of total income minus Rs. 5,00,000 --do-- Special Rates for Resident Senior Citizen (who is 65 years or more at any time during the previous year) Net Income Range Income Tax Rates Tax U .....

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..... pto Rs. 2,40,000 Nil Nil Rs. 2,40,000 - Rs. 3,00,000 10% 10% of total income minus Rs. 2,40,000 See Notes Rs. 3,00,000 - Rs. 5,00,000 20% Rs. 6,000 + 20% of total income minus Rs. 3,00,000 --do-- Above 5,00,000 30% Rs. 46,000 + 30% of total income minus Rs. 5,00,000 --do-- Rates for Firms Rate of Tax is 30% Rates for Companies Company Rate of Income Tax In case of domestic com .....

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..... pany 30% In case of foreign Company - Royalty received from Government or an Indian Concern in pursuance of an agreement made by it with the Indian concern after March 31, but before April 1, 1976, or fees for rendering technical services in pursuance of an agreement made by it after February 29, 1964 but before April 1, 1976 and where such agreement has, in either case, been approved by centr .....

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..... al Government 50% - Other Income 40%
Discussion Forum - Knowledge Sharing .....

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