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24 July , 2008 10:25 IST

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Know your Tax Rates

Tax Slabs for Individuals

Profile	Tax Slabs	Tax Rate	Surcharge	Education Cess
Senior Citizens (65 years or more)	Up to 1,95,000	Nil	Nil	Nil
	1,95,001 � 2,50,000	20%	Nil	3% of income tax
	2,50,001 - 10,00,000	30%	Nil	3% of income tax
	Above Rs. 10,00,000	30%	10% of income tax (Note 1)	3% of income tax and surcharge
Resident Women (below 65 years)	Up to 1,45,000	Nil	Nil	Nil
	1,45,001 - 1,50,000	10%	Nil	3% of income tax
	1,50,001- 2,50,000	20%	Nil	3% of income tax
	2,50,001 � 10,00,000	30%	Nil	3% of income tax
	Above Rs. 10,00,000	30%	10% of income tax (Note 1)	3% of income tax and surcharge
Any other individual	Up to 1,10,000	Nil	Nil	Nil
	1,10,001 � 1,50,000	10%	Nil	3% of income tax
	1,50,001-2,50,000	20%	Nil	3% of income tax
	2,50,001 � 10,00,000	30%	Nil	3% of income tax
	Above Rs. 10,00,000	30%	10% of income tax (Note 1)	3% of income tax and surcharge

Notes:

1. Surcharge of 10% on income tax will be levied if the total income of individuals exceed 10,00,000

2. Education Cess is 2 per cent of income-tax (after rebate under section 88E) and surcharge.