Income Tax (IT) Slabs and rates – FY 2009-10 (AY 2010

Budget Implications on Income Tax of Individuals

1) Personal income tax exemption limit for senior citizens raised by Rs 15,000 and both Men & Woman raised
2) Surcharge on income tax phased out.
Example :- If Income of Men is Rs 160000,Woman Rs 190000,Senior Citizens Rs 240000
Old Income Tax Slabs (AY 2009-10) New Income Tax Slabs (AY 2010-11) Tax as per Old I.T Slabs
Rate Men Women Senior Citizens Men Women Senior Citizens Men Women

Less than Less than Less than Less than

0% 1,50,000 1,80,000 Less than 2,25,000 1,60,000 1,90,000 Less than 2,40,000 NIL NIL

1,50,001 to 1,80,001 to 2,25,001 to 1,60,001 to 1,90,001 to

10% 3,00,000 3,00,000 3,00,000 3,00,000 3,00,000 2,40,001 to 3,00,000 1000 1000

3,00,001 to 3,00,001 to 3,00,001 to 3,00,001 to 3,00,001 to

20% 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 3,00,001 to 5,00,000 NIL NIL

5,00,001 and 5,00,001 and 5,00,001 and 5,00,001 and

30% above above 5,00,001 and above above above 5,00,001 and above NIL NIL

Tax Saved as per New Income Tax Slabs (AY 2010-11)

If Income for Men is Rs 160000 Tax Saved Rs 1000 & Education Cess of Rs30
If Income for Woman is Rs 190000 Tax Saved Rs 1000 & Education Cess of Rs30
If Income for Senior Citizens is Rs 240000 Tax Saved Rs 1500 & Education Cess of Rs45
Note: Following Example is without considering the Exemption U/S 80C & Other Deduction.
AY:Assessement Year,FY:Financail Year.
Surcharge & Education Cess on Income Tax liability
A surcharge of 10% of your total income tax liability is applicable if your total income is more than Rs 10,00,000.
An education cess of 3% is applicable on income tax (inclusive of surcharge if there is any) for every income tax assessee

Note:1)For any Income less than 10 Lakhs Tax Saved as per New IT Slabs & Rules for Men & Woman is Rs 1030 and for Seni
2)For any Income more than 10 Lakhs Tax Saved will be as per the Sheet (If Income >10 Lakhs Tax Saved)
009-10 (AY 2010-11)
Individuals
oth Men & Woman raised by Rs 10000 .

izens Rs 240000
Tax as per Old I.T Slabs Tax as per New I.T Slabs
Senior Citizens Men Women Senior Citizens

NIL NIL NIL NIL

1500 NIL NIL NIL

NIL NIL NIL NIL

NIL NIL NIL NIL

Budget Implications
Abolished
Same

oman is Rs 1030 and for Senior Citizens is Rs 1545

khs Tax Saved)
 Enter the Income in Yellow Cell as per the Income Range
Any Income less than Rs 5 Lac
Income Range Any Income less than Rs3 Lac but more than Rs 3 Lac
300000 500000
New Income Tax Slabs (AY 2010-11) Income Tax Income Tax

Rate Men Women Senior Citizens Men Women Senior Citizens Men Women

Less than Less than

0% 1,60,000 1,90,000 Less than 2,40,000 Nil Nil Nil Nil Nil

1,60,001 to 1,90,001 to 2,40,001 to

10% 3,00,000 3,00,000 3,00,000 14000 11000 6000 14000 11000

3,00,001 to 3,00,001 to 3,00,001 to

20% 5,00,000 5,00,000 5,00,000 40000 40000

5,00,001 and 5,00,001 and 5,00,001 and

30% above above above
Income Tax liability 14000 11000 6000 54000 51000
*Total Income Tax liability
(Including Education Cess @ 3%) 14420 11330 6180 55620 52530

Surcharge & Education Cess on Income Tax liability

A surcharge of 10% of your total income tax liability is applicable if your total income is more than Rs 10,00,000.
An education cess of 3% is applicable on income tax (inclusive of surcharge if there is any) for every income tax assessee
Note: *If Total Income Tax liability is coming negative than no tax is Payable as per the new Income Tax Slabs.
Note: Following Example is without considering the Exemption U/S 80C & Other Deduction.
he Income Range
ome less than Rs 5 Lac
more than Rs 3 Lac Any Income more than Rs5 Lac
500000 1100000
Income Tax Income Tax
Senior
Citizens Men Women Senior Citizens

Nil Nil Nil Nil

6000 14000 11000 6000

40000 40000 40000 40000

180000 180000 180000

46000 233999 230999 225999

47380 241019 237929 232779

Budget Implications
n Rs 10,00,000. Abolished
ry income tax assessee Same
Income Tax Slabs.
 Enter In Yellow Cell Income more than Rs. 10Lac*
Income More than 10 Lacs
*
Note: A surcharge of 10% of your total income tax liability which was applicable if
your total income was more than Rs 10,00,000, is Abloised as per New IT Rules 1100000 1100000

Old Income Tax Slabs (AY New Income Tax Slabs (AY
2009-10) 2010-11) As per Old Slabs-Income Tax As Per New slabs-Income Tax

Income Senior Senior Senior

Tax Rate Men Women Citizens Men Women Citizens Men Women Citizens Men Women

Less than Less than Less than Less than Less than Less than
0% 1,50,000 1,80,000 2,25,000 1,60,000 1,90,000 2,40,000 Nil Nil Nil Nil Nil

1,50,001 1,80,001
to to 2,25,001 to 1,60,001 to 1,90,001 to 2,40,001 to
10% 3,00,000 3,00,000 3,00,000 3,00,000 3,00,000 3,00,000 15000 12000 7500 14000 11000

3,00,001 3,00,001
to to 3,00,001 to 3,00,001 to 3,00,001 to 3,00,001 to
20% 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 40000 40000 40000 40000 40000

5,00,001 5,00,001 5,00,001 and 5,00,001 5,00,001 and 5,00,001

30% and above and above above and above above and above 180000 180000 180000 180000 180000
Basic Income Tax 234999 231999 227499 233999 230999
Surcharge @ 10% 23500 23200 22750 NIL NIL
Education cess @ 3% 7755 7656 7507 7020 6930
Total Income Tax payable 266254 262855 257757 241019 237929

Note:** indicates the Total Tax Saved ( Including Surcharge & Education Cess)
Note: Following Example is without considering the Exemption U/S 80C & Other Deduction.
Note: If Total Income Tax liability is coming negative than no tax is Payable as per the new Income Tax Slabs.
han Rs. 10Lac*
10 Lacs
1100000

er New slabs-Income Tax Tax Saved

Senior Senior
Citizens Men Women Citizens

Nil

6000

40000

180000
225999 1000 1000 1500 Basic Income Tax Saved
NIL 23500 23200 22750 Surcharge@ 10% Saved
6780 735 726 727 Education Cess@3% Saved
232779 25235 24926 24977 **Total Tax Saved