Hello friends some of our reader search about Income Tax Rates/ Slab 2008-09 on this website, I think it is necessary to show the information.
Below is Income Tax Rates/ Slab 2008-09
For the Assessment Year 2009-10
| 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) |
Nilll |
| 1,50,001 – 3,00,000 | 10 |
| 3,00,001 – 5,00,000 | 20 |
| 5,00,001 upwards | 30* |
*A surcharge of 10 per cent of the total tax liability is applicable where the total income exceeds Rs 1,000,000.
Note :
- Education cess is applicable @ 3 per cent on income tax, inclusive of surcharge if there is any.
- A marginal relief may be provided to ensure that the additional IT payable, including surcharge, on excess of income over Rs 1,000,000 is limited to an amount by which the income is more than this mentioned amount.
- Agricultural income is exempt from income-tax.
Source: http://www.incometaxindia.gov.in/
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- Ben Franklin
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