The Times of India

Telugu News

Saturday, September 5, 2009

Income Tax slabs for 2009-10

Slabs for all under  the age of 65:

  • Exemption limit raised from Rs. 1,50,000 to Rs. 1,60,000
  • 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%
  •  

    Slabs for women under  the age of 65:

 
 
Slabs for women under  the age of 65:

  • Exemption limit raised from Rs. 1,80,000 to Rs. 1,90,000
  • 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%

       
      Slabs for senior citizens (over 65 years)

      • Exemption limit raised from Rs. 2,25,000 to 2,40,000
      • 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%