Thursday, January 29, 2009

###----Income Tax ( I.T.) Provisions for individual for the Financial Year ending 31st March 2009 .......

For any individual (Other than women & senior citizens)

Total Income Range
Tax Rates
Surcharge
Education Cess (% of I.T)
Secondary and Higher Education Cess


Upto Rs.1,50,000/-
Nil
Nil
Nil
Nil

Rs.1,50,001-Rs. 3,00,000
10% of the amount by which the total Income exceeds Rs.1,50,000
Nil
2%
1%


Rs.3,00,001-Rs. 5,00,000
Rs.15,000 + 20%of amount by which the total Income exceeds Rs.3,00,000
Nil
2%
1%


Above Rs. 5,00,000
Rs.55,000 + 30% of amount by which the total Income exceeds Rs.5,00,000
Nil
2%
1%

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