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Home  Guide - Income Tax Services - Income Tax Rate |
Income Tax Rate
Indian law has set the Income tax rate for individuals, HUF, Association of Persons (AOP) and Body of individuals (BOI) this way.
| For Year 2008-2009 |
| Taxable income slab (Rs.) |
Rate (%) |
Up to 1,50,000 Up to 1,80,000 (for women)
Up to 2,25,000 (for resident individual of 65 years or above) |
NIL |
| 1,50,001 - 3,00,000 |
10 |
| 3,00,001 - 5,00,000 |
20 |
| 5,000,001 upwards |
30* |
- Where the total income exceeds Rs 1,000,000, a surcharge of 10 per cent of the total tax liability is applicable
- Besides, Education cess has to be paid @ 3 per cent on income tax, with surcharge if there is any.
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