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Radhika Associates: Tax Consultants Roshan Choudhary Kolkata

The document contains income tax rate charts for individual taxpayers in India for assessment years 2001-2002 through 2011-2012. It provides tax rates and brackets for general individuals, resident women under age 65, and residents aged 65 and above. Tax rates generally increase with higher income brackets and some brackets and rates vary by year. Education cess of 2-3% is also charged on income tax amounts for most years.

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0% found this document useful (0 votes)
60 views8 pages

Radhika Associates: Tax Consultants Roshan Choudhary Kolkata

The document contains income tax rate charts for individual taxpayers in India for assessment years 2001-2002 through 2011-2012. It provides tax rates and brackets for general individuals, resident women under age 65, and residents aged 65 and above. Tax rates generally increase with higher income brackets and some brackets and rates vary by year. Education cess of 2-3% is also charged on income tax amounts for most years.

Uploaded by

Prakash Rana
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA

Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in


INCOME TAX RATE CHART FOR THE A.Y. 2001-02, 2002-03, 2003-04, 2004-05, 2005-06, 2006-07, 2007-08, 2008-2009, 2009-10, 2010 -11, 2011-2012

ASSESSMENT YEAR 2011-2012 RELEVANT TO FINANCIAL YEAR 2010-2011 I TAX RATES FOR INDIVIDUALS OTHER THAN II & III BELOW Up to 1,60,000 - Nil 1,60,000 to 5,00,000 - 10% of the amount exceeding 1,60,000 5,00,000 to 8,00,000 - Rs.34,000 + 20% of the amount exceeding 5,00,000 8,00,000 & above - Rs.94,000 + 30% of the amount exceeding 8,00,000 II TAX RATES FOR RESIDENT WOMEN BELOW 65 YEARS Up to 1,90,000 - Nil 1,90,000 to 5,00,000 - 10% of the amount exceeding 1,90,000 5,00,000 to 8,00,000 - Rs.31,000 + 20% of the amount exceeding 5,00,000 8,00,000 & above - Rs.91,000 + 30% of the amount exceeding 8,00,000 III TAX RATES FOR INDIVIDUAL RESIDENTS AGED 65 YRS AND ABOVE Up to 2,40,000 - Nil 2,40,000 to 5,00,000 - 10% of the amount exceeding 2,40,000 5,00,000 to 8,00,000 - Rs.26,000 + 20% of the amount exceeding 5,00,000 8,00,000 & above - Rs.86,000 + 30% of the amount exceeding 8,00,000 There is no surcharge in the case of every individual, Hindu undivided family, Association of persons and body of individuals. EDUCATION CESS The amount of Income-tax shall be increased by Education Cess of 3% on Income-tax.

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in
ASSESSMENT YEAR 2010-2011 RELEVANT TO FINANCIAL YEAR 2009-2010 I TAX RATES FOR INDIVIDUALS OTHER THAN II & III Up to 1,60,000 - Nil 1,60,000 to 3,00,000 - 10% of the amount exceeding 1,60,000 3,00,000 to 5,00,000 - Rs.14,000 + 20% of the amount exceeding 3,00,000 5,00,000 & above - Rs.54,000 + 30% of the amount exceeding 5,00,000 II TAX RATES FOR RESIDENT WOMAN BELOW 65 YEARS Up to 1,90,000 - Nil 1,90,000 to 3,00,000 - 10% of the amount exceeding 1,90,000 3,00,000 to 5,00,000 - Rs.11,000 + 20% of the amount exceeding 3,00,000 5,00,000 & above - Rs.51,000 + 30% of the amount exceeding 5,00,000 III TAX RATES FOR INDIVIDUAL RESIDENTS AGED 65 YRS AND ABOVE Up to 2,40,000 - Nil 2,40,000 to 3,00,000 - 10% of the amount exceeding 2,40,000 3,00,000 to 5,00,000 - Rs.6,000 + 20% of the amount exceeding 3,00,000 5,00,000 & above - Rs.46,000 + 30% of the amount exceeding 5,00,000 There is no surcharge in the case of every individual, Hindu undivided family, Association of persons and body of individuals. EDUCATION CESS The amount of Income-tax shall be further increased by Education Cess of 3% on Income-tax

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in
ASSESSMENT YEAR 2009-2010 RELEVANT TO FINANCIAL YEAR 2008-2009 I TAX RATES FOR INDIVIDUALS OTHER THAN II & III Up to 1,50,000 - Nil 1,50,000 to 3,00,000 - 10% of the amount exceeding 1,50,000 3,00,000 to 5,00,000 - Rs.15,000 + 20% of the amount exceeding 3,00,000 5,00,000 & above - Rs.55,000 + 30% of the amount exceeding 5,00,000 II TAX RATES FOR RESIDENT WOMAN BELOW 65 YEARS Up to 1,80,000 - Nil 1,80,000 to 3,00,000 - 10% of the amount exceeding 1,80,000 3,00,000 to 5,00,000 - Rs.12,000 + 20% of the amount exceeding 3,00,000 5,00,000 & above - Rs.52,000 + 30% of the amount exceeding 5,00,000 III TAX RATES FOR INDIVIDUAL RESIDENTS AGED 65 YRS AND ABOVE Up to 2,25,000 - Nil 2,25,000 to 3,00,000 - 10% of the amount exceeding 2,25,000 3,00,000 & 5,00,000 - Rs.7,500 + 20% of the amount exceeding 3,00,000 5,00,000 & above - Rs.47,500 + 30% of the amount exceeding 5,00,000 SURCHARGE ON INCOMETAX In the case of every Individual, Hindu undivided family, Association of person and body of individuals, Surcharge on income-tax is calculated @10% if the total taxable income exceeds Rs.10,00,000 EDUCATION CESS The amount of Income-tax and Surcharge shall be further increased by Education Cess of 3% on Income-tax plus Surcharge.

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in
ASSESSMENT YEAR 2008-2009 RELEVANT TO FINANCIAL YEAR 2007-2008

I TAX RATES FOR INDIVIDUALS OTHER THAN II & III Up to 1,10,000 Nil 1,10,000 to 1,50,000 - 10% of the amount exceeding 1,10,000 1,50,000 to 2,50,000 - Rs.4,000 + 20% of the amount exceeding 1,50,000 2,50,000 & above - Rs.24,000 + 30% of the amount exceeding 2,50,000 II TAX RATES FOR RESIDENT WOMAN BELOW 65 YEARS Unto 1,45,000 - Nil 1,45,000 to 1,50,000 - 10% of the amount exceeding 1,45,000 1,50,000 to 2,50,000 - Rs.500 + 20% of the amount exceeding 1,50,000 2,50,000 & above - Rs.20,500 + 30% of the amount exceeding 2,50,000 III TAX RATES FOR INDIVIDUAL RESIDENTS AGED 65 YRS AND ABOVE Up to 1,95,000 - Nil 1,95,000 to 2,50,000 - 20% of the amount exceeding 1,95,000 2,50,000 & above - Rs.11,000 + 30% of the amount exceeding 2,50,000 SURCHARGE ON INCOMETAX In the case of every Individual, Hindu undivided family, Association of person and body of individuals, Surcharge on income-tax is calculated @10% if the total taxable income exceeds Rs.10,00,000. EDUCATION CESS The amount of Income-tax and Surcharge shall be further increased by Education Cess of 3% on Income-tax plus Surcharge.

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in
ASSESSMENT YEAR 2007-2008 RELEVANT TO FINANCIAL YEAR 2006-2007

I TAX RATES FOR INDIVIDUALS OTHER THAN II & III Up to 1,00,000 - Nil 1,00,000 to 1,50,000 - 10% of the amount exceeding 1,00,000 1,50,000 to 2,50,000 - Rs.5,000 + 20% of the amount exceeding 1,50,000 2,50,000 & above - Rs.25,000 + 30% of the amount exceeding 2,50,000 II TAX RATES FOR RESIDENT WOMAN BELOW 65 YEARS Up to 1,35,000 - Nil 1,35,000 to 1,50,000 - 10% of the amount exceeding 1,35,000 1,50,000 to 2,50,000 - Rs.1,500 + 20% of the amount exceeding 1,50,000 2,50,000 & above - Rs.21,500 + 30% of the amount exceeding 2,50,000 III TAX RATES FOR INDIVIDUAL RESIDENTS AGED 65 YRS AND ABOVE Unto 1,85,000 - Nil 1,85,000 to 2,50,000 - 20% of the amount exceeding 1,85,000 2,50,000 & above - Rs.13,000 + 30% of the amount exceeding 2,50,000 SURCHARGE ON INCOMETAX In the case of every Individual, Hindu undivided family, Association of person and body of individuals, Surcharge on income-tax is calculated @10% if the total taxable income exceeds Rs.10,00,000. EDUCATION CESS The amount of Income-tax and Surcharge shall be further increased by Education Cess of 2% on Income-tax plus Surcharge

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in
ASSESSMENT YEAR 2006-2007 RELEVANT TO FINANCIAL YEAR 2005-2006

I TAX RATES FOR INDIVIDUALS OTHER THAN II & III Upto 1,00,000 - Nil 1,00,000 to 1,50,000 - 10% of the amount exceeding 1,00,000 1,50,000 to 2,50,000 - Rs.5,000 + 20% of the amount exceeding 1,50,000 2,50,000 & above - Rs.25,000 + 30% of the amount exceeding 2,50,000 II TAX RATES FOR RESIDENT WOMAN BELOW 65 YEARS Upto 1,35,000 - Nil 1,35,000 to 1,50,000 - 10% of the amount exceeding 1,35,000 1,50,000 to 2,50,000 - Rs.1,500 + 20% of the amount exceeding 1,50,000 2,50,000 & above - Rs.21,500 + 30% of the amount exceeding 2,50,000 III TAX RATES FOR INDIVIDUAL RESIDENTS AGED 65 YRS AND ABOVE Upto 1,85,000 - Nil 1,85,000 to 2,50,000 - 20% of the amount exceeding 1,85,000 2,50,000 & above - Rs.13,000 + 30% of the amount exceeding 2,50,000 SURCHARGE ON INCOMETAX In the case of every Individual, Hindu undivided family, Association of person and body of individuals, Surcharge on income-tax is calculated @10% if the total taxable income exceeds Rs.10,00,000. EDUCATION CESS The amount of Income-tax and Surcharge shall be further increased by Education Cess of 2% on Income-tax plus Surcharge.

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in
ASSESSMENT YEAR 2005-2006 RELEVANT TO FINANCIAL YEAR 2004-2005 Up to 50,000 50,000 to 60,000 60,000 to 1,50,000 1,50,000 & ab ove Tax Rates for Individuals: NIL 10% of th e am t exc eeding 50,000 Rs.1000 + 20% of th e am t exc eeding 60,000 Rs.19000+ 30% of th e am t exc eeding 1,5,0000

Up to 50,000 50,000 to 60,000 60,000 to 1,50,000 1,50,000 & ab ove

ASSESSMENT YEAR 2004-2005 RELEVANT TO FINANCIAL YEAR 2003-2004 Tax Rates for Individuals: NIL 10% of th e am t exc eeding 50,000 Rs.1000 + 20% of th e am t exc eeding 60,000 Rs.19000+ 30% of th e am t exc eeding 1,5,0000 ASSESSMENT YEAR 2003-2004 RELEVANT TO FINANCIAL YEAR 2002-2003 Tax Rates for Individuals: NIL 10% of th e am t exc eeding 50000 Rs.1000 + 20% of th e am t exc eeding 60000 Rs.19000+ 30% of th e am t exc eeding 150000

Up to 50,000 50000 to 60,000 60,000 to 1,50,000 1,50,000 & ab ove

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY

KOLKATA
Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in
ASSESSMENT YEAR 2002-2003 RELEVANT TO FINANCIAL YEAR 2001-2002 Tax Rates for Individuals: NIL 10% of th e am t exc eeding 50000 20% 30% of th e am t exc eeding 60000 of th e am t exc eeding 150000 Rs.1000 + Rs.19000+

Up to 50,000 50000 to 60,000 60,000 to 1,50,000 1,50,000 & ab ove

ASSESSMENT YEAR 2001-2002 RELEVANT TO FINANCIAL YEAR 2000-2001 Tax Rates for Individuals: Up to 50,000 NIL 50000 to 60,000 10% of th e am t exc eeding 50000 60,000 to 1,50,000 Rs.1000 + 20% of th e am t exc eeding 60000 1,50,000 & ab ove Rs.19000+ 30% of th e am t exc eeding 150000

RADHIKA ASSOCIATES Tax Consultants ROSHAN CHOUDHARY KOLKATA


Call: - + 91 9831896986 Mail ID: - info@radhikaassociates.co.in

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