Income tax rates for financial year 2010-11.

Individual Male (Below the Age 65 Years)

Up to 1,60,000 NIL
From 1,60,001 to 5,00,000 10%
From 5,00,001 to 8,00,000 20%
Above Than 8,00,000 30%
Individual Female (Below the Age of 65 Years)
Up to 1,90,000 NIL
From 1,90,001 to 5,00,000 10%
From 5,00,001 to 8,00,000 20%
Above Than 8,00,000 30%
Senior Citizen (Above than 65 years of age)
Up to 2,40,000 NIL
2,40,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above Than 8,00,000 30%

In case of individual

Income Level Income Tax Rate

Where the total income does not exceed
i. NIL
Rs.1,60,000/-.
Where the total income exceeds
10% of amount by which the total income
ii. Rs.1,60,000/- but does not exceed
exceeds Rs. 1,60,000/-
Rs.5,00,000/-.
Where the total income exceeds
Rs. 34,000/- + 20% of the amount by which
iii. Rs.5,00,000/- but does not exceed
the total income exceeds Rs.5,00,000/-.
Rs.8,00,000/-.
Where the total income exceeds Rs. 94,000/- + 30% of the amount by which
iv.
Rs.8,00,000/-. the total income exceeds Rs.8,00,000/-.
II. In case of individual being a woman resident in India and below the age of 65 years at
any time during the previous year:-

Income Level Income Tax Rate

Where the total income does not exceed
i. NIL
Rs.1,90,000/-.
Where total income exceeds Rs.1,90,000/- 10% of the amount by which the total
ii.
but does not exceed Rs.5,00,000/-. income exceeds Rs.1,90,000/-.
Where the total income exceeds
Rs. 31,000- + 20% of the amount by which
iii. Rs.5,00,000/- but does not exceed
the total income exceeds Rs.5,00,000/-.
Rs.8,00,000/-.
Where the total income exceeds Rs.91,000/- + 30% of the amount by which
iv.
Rs.8,00,000/- the total income exceeds Rs.8,00,000/-.

III. In case of an individual resident who is of the age of 65 years or more at any time
during the previous year:-

Income Level Income Tax Rate

Where the total income does not exceed
i. NIL
Rs.2,40,000/-.
Where the total income exceeds
10% of the amount by which the total
ii. Rs.2,40,000/- but does not exceed
income exceeds Rs.2,40,000/-.
Rs.5,00,000/-
Where the total income exceeds
Rs.26,000/- + 20% of the amount by which
iii. Rs.5,00,000/- but does not exceed
the total income exceeds Rs.5,00,000/-.
Rs.8,00,000/-
Where the total income exceeds Rs.86,000/- + 30% of the amount by which
iv.
Rs.8,00,000/- the total income exceeds Rs.8,00,000/-.

Education Cess: 3% of the Income-tax.