Income Tax Slabs for 2009-10
admin July 6th, 2009
Income tax exemption limit subsequent union budget 2009 for individual tax payers was increased by Rs 10,000 for Male below 65 years, women and Rs 15,000 for senior citizens (i.e. 65 years and above) by the finance minister.
The current income tax exemption limit is Rs 1.5 lakh (Rs 150,000) for men, Rs 1.8 lakh (Rs 180,000) for women and Rs 2.25
lakh (Rs 225,000) for senior citizens. See Income Tax Slab for A.Y. 2009-10 F.Y. 2008-09.
Finance Minister Pranab Mukherjee removed the surcharge on income above Rs 10 lakh (Rs 1 million) for personal income tax payers.
Income tax slab for Assesment Year 2010-11, Financial Year 2009-10 will stand as follows:
| Income Tax Slab for F.Y. 2009-10, A.Y.2010-11 | |
|---|---|
| For Male below 65 Years | |
| Up to Rs. 1,60,000 | NIL |
| Rs. 1,60,001 to Rs. 3,00,000 | 10% |
| Rs. 3,00,001 to Rs. 5,00,000 | 20% |
| Rs. 5,00,001 and Above | 30% |
| For Women Taxpayers | |
| Up to Rs. 1,90,000 | NIL |
| Rs. 1,90,001 to Rs. 3,00,000 | 10% |
| Rs. 3,00,001 to Rs. 5,00,000 | 20% |
| Rs. 5,00,001 and above | 30% |
| For Senior Citizens | |
| Up to Rs. 2,40,000 | NIL |
| Rs. 2,40,000 to Rs. 3,00,000 | 10% |
| Rs. 3,00,001 to Rs. 5,00,000 | 20% |
| Rs. 5,00,001 and above | 30% |