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Rate Of Income Tax

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Assessment year :2011-12
Previous year : 2010-11

Assessment year :2010-11
Previous year : 2009-10
1. For resident women below the age of 65 years. 1. For resident women below the age of 65 years.

Upto Rs. 1,90,000

Nil

Rs. 1,90,001 to Rs. 5,00,000

10%

Rs. 5,00,001 to Rs. 8,00,000

20%

Above Rs. 8,00,000

30%

Upto Rs. 1,90,000

Nil

Rs. 1,90,001 to Rs. 3,00,000

10%

Rs. 3,00,001 to Rs. 5,00,000

20%

Above Rs. 5,00,000

30%
2. For resident Senior Citizens 2. For resident Senior Citizens.

Upto Rs 2,40,000

Nil

Rs. 2,40,001 to Rs. 5,00,000

10%

Rs. 5,00,001 to Rs. 8,00,000

20%

Above Rs. 8,00,000

30%

Upto Rs 2,40,000

NiL

Rs. 2,40,001 to Rs. 3,00,000

10%

Rs. 3,00,001 to Rs. 5,00,000

20%

Above Rs. 5,00,000

30%
3. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies). 3. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies).

Upto Rs. 1,60,000

Nil

Rs. 1,60,001 to Rs. 5,00,000

10%

Rs. 5,00,001 to Rs 8,00,000

20%

Above Rs. 8,00,000

30%

Upto Rs. 1,60,000

Nil

Rs. 1,60,001 to Rs. 3,00,000

10%

Rs. 3,00,001 to Rs 5,00,000

20%

Above Rs. 5,00,000

30%
Surcharge : NIL
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1%  on income-tax plus surcharge
Long-Term Capital Gains: 20% on income-tax plus surcharge.
Short-Term Capital Gains u/s 111A:15% on income-tax plus surcharge.		 Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess :1% on income-tax plus surcharge
Long-Term Capital Gains: 20% on income-tax plus surcharge.
Short-Term Capital Gains u/s 111A :15% on income-tax plus surcharge.
Firms Firms
Income tax : 30%.
Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge
Secondary and Higher Education cess : 1%  on income-tax plus surcharge		 Income tax: 30%.
Surcharge : 10% if the taxable income exceeds Rs. 100,00,000
Education Cess : 2% on income-tax plus surcharge
Secondary and Higher Education cess : 1%  on income-tax plus surcharge
Companies Companies
Domestic Companies

Income tax @ 30%
Surcharge: 7.5%  if the taxable income exceeds Rs. 100,00,000.
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1%  on income-tax plus surcharge

Income tax @ 30%
Surcharge 10%  if the taxable income exceeds Rs. 100,00,000.
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1%  on income-tax plus surcharge
Foreign Companies

Income tax@50% on royalty or fee for technical services in pursuance of agreement between 1.04.1961 to 31.03.1976.
Income tax @ 40% in other cases
Surcharge: 2.5% if the taxable income exceeds Rs. 100,00,000.
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1%  on income-tax plus surcharge

 Foreign Companies

Income tax@50% on royalty or fee for technical services in pursuance of agreement between 1.04.1961 to 31.03.1976.
Income tax @ 40% in other cases
Surcharge: 2.5% if the taxable income exceeds Rs. 100,00,000.
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1%  on income-tax plus surcharge
Cooperative Cooperative

Upto Rs. 10,000

10%

Rs. 10,001 to Rs. 20,000

20%

Rs. 20,001 to Above

30%

Upto Rs. 10,000

10%

Rs. 10,001 to Rs. 20,000

20%

Rs. 20,001 to Above

30%

Surcharge: Surcharge Is Not Applicable
Education Cess : 2% on income-tax.
Secondary And Higher EducationCess:- .1% on income tax plus surcharge		 Surcharge : Surcharge Is Not Applicable.
Education Cess : 2% on income-tax.
Secondary And Higher EducationCess:- .1% on income tax plus surcharge
Local Authorities Local Authorities
Income tax: 30%.
Surcharge : NIL
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1%  on income-tax plus surcharge

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