| Income | – | Slabs | Tax Rates |
| Individual & HUF below age of 65 years | Women below age of 65 years | Individual above age of 65 years | |
| Income upto Rs.1,60,000 | Income upto Rs.1,90,000 | Income upto Rs.2,40,000 | Nil |
| Rs.1,60,001- Rs. 5,00,000 | Rs.1,90,001-Rs.5,00,000 | Rs.2,40,001-Rs.5,00,000 | 10% |
| Rs. 5,00,001- Rs.8,00,000 | Rs. 5,00,001- Rs.8,00,000 | Rs. 5,00,001- Rs.8,00,000 | 20% |
| Above Rs.8,00,001 | Above Rs.8,00,001 | Above Rs.8,00,001 | 30% |
Income tax rates for assessment year 2011-2012 (Financial year 2010-2011)
Education Cess: An additional surcharge called “Education cess” at the rate of 2% on the amount of income tax and surcharge (if any) in all cases shall be levied.
Secondary and higher: An additional surcharge, called the “Secondary and Higher education cess on income tax at the rate of 1% of income tax and surcharge ( Not including the education cess on income tax) in all cases shall be levied.
