Income Tax Slabs – AY 2011-2012 and AY 2010-2011

Here are the income tax slabs for AY 2011-2012 (FY 2010-11) and AY 2010-2011 (FY 2009-10).

Income Tax Slabs – AY 2011-2012

Income Tax Slabs – AY 2011-2012
Tax Slabs (in Rs) Income tax
Indian Male/NRI/HUF 0 to 1,60,000 NIL
1,60,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%
Women 0 to 1,90,000 NIL
1,90,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%
Senior Citizen (>65 yrs) 0 to 2,40,000 NIL
2,40,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%

Income Tax Slabs – AY 2010-2011

Income Tax Slabs – AY 2010-2011
Tax Slabs (in Rs) Income tax
Indian Male/NRI/HUF 0 to 1,60,000 NIL
1,60,001 to 3,00,000 10%
3,00,001 to 5,00,000 20%
Above 5,00,000 30%
Women 0 to 1,90,000 NIL
1,90,001 to 3,00,000 10%
3,00,001 to 5,00,000 20%
Above 5,00,000 30%
Senior Citizen (>65 yrs) 0 to 2,40,000 NIL
2,40,001 to 3,00,000 10%
3,00,001 to 5,00,000 20%
Above 5,00,000 30%

 

Comments

  1. Thanks for sharing the info. Didn’t know there is so much difference in the tax rates between the years..

  2. DO you have the Income tax slab for 2012 2013 ?

  3. Flashing news…

    Rs 2 lakh zero tax,
    Rs 2-5 lakh 10%,
    Rs 5-10 lakh 20%
    and above Rs 10 lakh 30%.

  4. The real tax benefit according to the latest provisions is meagre. The person who is earning upto Rs 8 lakhs will get tax saving of only Rs 2,060 and those earning above Rs lakhs but less than Rs lakhs will get the saving of 10.3%.

    The major gainer is person who earns Rs 10 lakhs and above, will save Rs 20,600.

  5. The tax benefit with new slabs is as follows: –

    Income Tax rate Savings
    Up to Rs2,00,000 NIL Rs2,060
    Rs2,00,001 to Rs5,00,000 10% Rs2,060
    Rs5,00,001 to Rs10,00,000 20% Rs2,060
    Rs10,00,001 and above 30% Rs22,660

  6. For women tax benefits are even lesser: –

    Income Tax rate Savings
    Up to Rs2,00,000 NIL Rs1,030
    Rs 2,00,001 to Rs5,00,000 10% Rs1,030
    Rs5,00,001 to Rs10,00,000 20% Rs1,030
    Rs10,00,001 and above 30% Rs21,630

  7. Sir,
    I am an NRI. Kindly advise whether I can file my return of TDS for AY 10-11 from my NRO account.

    Regards,

  8. Sir
    my mother has retired since 2007. she had been paying and filing tax till 2007 and after that she had not filed or paid . Now she had deposited her retirement benefits approximately 3 lakhs in a nationalised bank and on maturing date , the bank has deducted app 6000 a. she was informed that tax had been deducted and if you want to refund it we will give you the TDS certificate and you can claim it . i require your suggestion on how to proceed further

  9. @Lash,

    If your mother has no other source of income then you can claim it. Please consult a tax consultant who could assist you further. Next time kindly submit Form 15 H to the bank and tell them that your mother has no other source of income and the bank willl not deduct TDS.

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