AY 2009 -
2010 FY 2008 -
2009
Income tax rates in India are
prescribed by the Central Government of India. Here you can find Tax
Rates specified for the AY 2009-2010.
Note: Explanation for the
terms used in this
page.
- AY - Assessment Year
- HUF - Hindu Undivided Family
- AOP - Association of Persons
- BOI - Body of Individuals
- TI - Total Income
Marginal Relief: Click
here to
read Marginal relief details for Individuals, AOPs, BOIs, HUFs and
Domestic companies.
Tax rates in India for Resident Individual being
Senior Citizen
|
When total Income (Chargeable at normal rate)
|
Income Tax in Rs.
|
Surcharge
|
Educational Cess ( On Income tax + Surcharge)
|
|
Does not exceed Rs. 2,25,000
|
Nil
|
Nil
|
Nil
|
|
Is greater than Rs. 2,25,000 & less
than Rs. 3,00,000 |
(TI - Rs. 2,25,000) x 10%
|
Nil |
3% |
|
Is greater than Rs. 3,00,000 & less
than Rs. 5,00,000
|
[(TI - Rs. 3,00,000) x 20%] + 7,500
|
Nil |
3% |
|
Is greater than Rs. 5,00,000
|
[(TI - Rs. 5,00,000) x 30%] + 47,500
|
If TI is more than Rs. 10,00,000 then 10% of
Income tax shall be paid as Surcharge. |
3% |
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Income Tax Rates for Resident Individual being Women
|
When total Income (Chargeable at normal rate)
|
Income Tax in Rs.
|
Surcharge
|
Educational Cess ( On Income tax + Surcharge)
|
|
Does not exceed Rs. 1,80,000
|
Nil
|
Nil
|
Nil
|
|
Is greater than Rs. 1,80,000 & less
than Rs. 3,00,000 |
(TI - Rs. 1,80,000) x 10%
|
Nil |
3% |
|
Is greater than Rs. 3,00,000 & less
than Rs. 5,00,000
|
[(TI - Rs. 3,00,000) x 20%] + 12,000
|
Nil |
3% |
|
Is greater than Rs. 5,00,000
|
[(TI - Rs. 5,00,000) x 30%] + 52,000
|
If TI is more than Rs. 10,00,000 then 10% of
Income tax shall be paid as Surcharge. |
3% |
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Tax rates in India for Other Individuals
|
When total Income (Chargeable at normal rate)
|
Income Tax in Rs.
|
Surcharge
|
Educational Cess ( On Income tax + Surcharge)
|
|
Does not exceed Rs. 1,50,000
|
Nil
|
Nil
|
Nil
|
|
Is greater than Rs. 1,50,000 & less
than Rs. 3,00,000 |
(TI - Rs. 1,50,000) x 10%
|
Nil |
3% |
|
Is greater than Rs. 3,00,000 & less
than Rs. 5,00,000
|
[(TI - Rs. 3,00,000) x 20%] + 15,000
|
Nil |
3% |
|
Is greater than Rs. 5,00,000
|
[(TI - Rs. 5,00,000) x 30%] + 55,000
|
If TI is more than Rs. 10,00,000 then 10% of
Income tax shall be paid as Surcharge. |
3% |
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Tax rates in India for Co-operative Societies
|
When total Income (Chargeable at normal rate)
|
Income Tax in Rs.
|
Surcharge
|
Educational Cess ( On Income tax + Surcharge)
|
|
Is less than Rs. 10,000 |
TI x 10%
|
Nil |
3% |
|
Is greater than Rs. 10,000 & less than
Rs. 20,000
|
[(TI - Rs. 10,000) x 20%] + 1,000
|
Nil |
3% |
|
Is greater than Rs. 20,000
|
[(TI - Rs. 20,000) x 30%] + 3,000
|
Nil |
3% |
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Rates for Companies, Firms and Local Authorities
|
Tax Particulars
|
Firm
|
Domestic Companies |
Foreign Companies*
|
Local Authorities
|
|
Income tax rate
|
30% x TI
|
30% x TI
|
40% x TI
|
30% x TI
|
|
Surcharge on Income Tax (Only in case TI
exceeds 1 Crore)
|
10% |
10% |
2.5% |
Nil |
|
Educational Cess
|
3% |
3% |
3% |
3% |
* For Royalty Income received under agreement
approved by Central Government (between 01.04.1961 and 31.03.1976) and
Fees for Technical Services received under agreement approved by
Central Government (between 01.03.1964 and 31.03.1976), the tax rates
in India is 50% of the said Royalty or Fees for Technical Services.
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Income Tax Rates for AOPs, BOIs and HUFs
|
When total Income (Chargeable at normal rate)
|
Income Tax in Rs.
|
Surcharge
|
Educational Cess ( On Income tax + Surcharge)
|
|
Does not exceed Rs. 1,50,000
|
Nil
|
Nil
|
Nil
|
|
Is greater than Rs. 1,50,000 & less
than Rs. 3,00,000 |
(TI - Rs. 1,50,000) x 10%
|
Nil |
3% |
|
Is greater than Rs. 3,00,000 & less
than Rs. 5,00,000
|
[(TI - Rs. 3,00,000) x 20%] + 15,000
|
Nil |
3% |
|
Is greater than Rs. 5,00,000
|
[(TI - Rs. 5,00,000) x 30%] + 55,000
|
If TI is more than Rs. 10,00,000 then 10% of
Income tax shall be paid as Surcharge. |
3% |
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Tax rates in India for Artificial Juridical Persons
|
When total Income (Chargeable at normal rate)
|
Income Tax in Rs.
|
Surcharge on Income Tax
|
Educational Cess ( On Income tax + Surcharge)
|
|
Does not exceed Rs. 1,50,000
|
Nil
|
Nil
|
Nil
|
|
Is greater than Rs. 1,50,000 & less
than Rs. 3,00,000 |
(TI - Rs. 1,50,000) x 10%
|
10% |
3% |
|
Is greater than Rs. 3,00,000 & less
than Rs. 5,00,000
|
[(TI - Rs. 3,00,000) x 20%] + 15,000
|
10% |
3% |
|
Is greater than Rs. 5,00,000
|
[(TI - Rs. 5,00,000) x 30%] + 55,000
|
10% |
3% |
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