Indian Income Tax Slabs 2009/2010 - IT slabs India 09/10

The budget for 2009/2010 is out. Income Tax slabs for the financial year 2009/2010 remain unchanged. They are the same as income tax slabs for the financial year 2008/2009. The income tax slabs are mentioned below. You may also like Income Tax Calculator (Excel Spreadsheet)- 2008/2009 (also good for A.Y. 2009/2010 since the tax slabs are unchanged for 2009/2010).

update July 6 2009: A new Budget for 2009/2010 was presented by Pranab Mukherjee today. Income Tax slabs have been increased slightly (by Rs. 10,000 for men & women and Rs. 15,000 for Senior Citizen). The following income tax slabs are updated.

Income Tax Slabs 2009/2010 for Men

Income: upto 1.6 lacs	no income tax
Income : 1.6 lacs to 3 lacs	10 %
Income : 3 lacs to 5 lacs	20 %
Income : above 5 lacs	30 %

Income Tax Slabs 2009/2010 or Women

Income : upto 1.9 lacs	NO TAX
Income : 1.9 lacs to 3 lacs	10 %
Income : 3 lacs to 5 lacs	20 %
Income : above 5 lacs	30 %

Income Tax slabs 2009/2010 for Senior Citizen

Income : upto 2.4 lacs	NO TAX
Income : 2.4 lacs to 3 lacs	10 %
Income : 3 lacs to 5 lacs	20 %
Income : above 5 lacs	30 %

In addition to the income tax calculated according to the above income tax slabs, a 3% of Education cess will be charged on the total Income tax paid (not on the total taxable income). If the taxable income exceeds Rs. 10 lacs, a 10% surcharge on the total income tax (not on the total taxable income) is also charged.
Related: Indian Income Tax Act - Tax Deductions, Tax Exemptions, Section 80C,80D,80DD,80E, etc.

Income Tax Slabs India - Financial Year 2008/2009 and 2009/2010. The IT slabs for 2009/2010 are the same as the slabs in 2008/2009. Income Tax Calculator - 2008/2009 (also good for A.Y. 2009/2010 since the tax slabs are unchanged for 2009/2010). This Income Tax Calculator is in Excel Spreadsheet format. India Income Tax deductions - Various Income Tax deductions under section 80C, section 80D, section 80DD, section 80G, section 80GG, section 80E, section 24, etc. and their max. tax exemption limits allowed under the Indian Income Tax Act discussed in this post. All Indian IT deductions in one single post. Tax deduction under Section 80C: The most common income tax deduction for Indians discussed in detail. Use this for your personal tax planning and save upto Rs. 33,000 Income Tax. How to pay your Indian Income Tax online? How to check your Income Tax Refund Status online?