Home > Taxation > Personal Income Tax Slabs for FY ’11

Personal Income Tax Slabs for FY ’11

With the beginning of the new financial year 2010-11, I thought it would be helpful to update changes in the Personal Income Tax Slabs.

India Infoline in one of its reports on the Union Budget gave details on the changes in personal IT slabs:

  Male Female
Taxable Income (Rs) Pre-Budget (Rs) Post-Budget (Rs) Savings   (Rs) Pre-Budget (Rs) Post-Budget (Rs) Savings   (Rs)
2,00,000 4,120 4,120 0 1,030 1,030 0
3,00,000 14,420 14,420 0 14,420 14,420 0
5,00,000 55,620 35020 20,600 52,530 31,930 20,600
8,00,000 1,48,320 96,820 51,500 1,45,229 93,730 51,500
9,00,000 1,79,219 1,27,719 51,500 1,76,129 1,24,629 51,500
11,00,000 2,65,121 2,08,471 56,650 2,61,722 2,05,072 56,650
12,00,000 2,99,111 2,42,461 56,650 2,95,712 2,39,062 56,650
15,00,000 4,01,081 3,44,431 56,650 3,97,682 3,41,032 56,650
20,00,000 5,71,031 5,14,381 56,650 5,67,632 5,10,982 56,650
Note: Education cess @ 3% and 10% surcharge on the income above Rs10 lakh

Taxable Income

FY 2009-10

FY 2010-11

From To Tax Rate (%) From To Tax Rate (%)

Male

0 160,000 0 0 160,000 0
160,001 300,000 10 160,001 500,000 10
300,001 500,000 20 500,001 800,000 20
500,001 onwards 30 800,001 onwards 30

Female

0 190,000 0 0 190,000 0
190,001 300,000 10 190,001 500,000 10
300,001 500,000 20 500,001 800,000 20
500,000 onwards 30 800,001 onwards 30

Senior Citizen

0 240,000 0 0 240,000 0
240,001 300,000 10 240,001 500,000 10
300,001 500,000 20 500,001 800,000 20
500,000 onwards 30 800,001 onwards 30

Hope this info helps you understand your tax liability. So get set and start tax planning from today!

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Categories: Taxation
  1. June 26, 2010 at 8:19 am | #1

    This is the best way to show income tax slabs rates. Good thanks

  1. April 21, 2010 at 11:33 am | #1

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