mehboobkz
SENIOR MEMBER
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- Aug 27, 2010
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What I meant to say is that nobody is paying 30% of his income in tax.
Net income range (For resident woman below 60 years on the last day of the previous year) Net income range (For resident senior citizen1) Net income range (For super senior citizen2) Net income range (For any other person excluding companies and co-operative societies) Income Tax rates3
Up to Rs. 2,00,000 Up to Rs. 2,50,000 Up to Rs. 5,00,000 Up to Rs. 2,00,000 Nil
Rs. 2,00,001-5,00,000 Rs. 2,50,001-5,00,000 - Rs. 2,00,001-5,00,000 10%
Rs. 5,00,001-10,00,000 Rs. 5,00,001-10,00,000 Rs. 5,00,001-10,00,000 Rs. 5,00,001-10,00,000 20%
Above Rs. 10,00,000 Above Rs. 10,00,000 Above Rs. 10,00,000 Above Rs. 10,00,000 30%