Proposed Income Tax 2009 - Table

PROPOSED SLABS

Income (Rs)

Existing
Tax (%)

Proposed Tax

MALE

Up to 1,60,000
Nil
Nil

1,60,001 -3,00,000
10
10% of the amount by which the total income exceeds Rs 1,60,000

3,00,001-5,00,000
20
10% of the amount by which the total income exceeds Rs 1,60,000

5,00,001-10,00,000
30
10% of the amount by which the total income exceeds Rs 1,60,000

10,00,001-25,00,000
30
Rs 84,000 plus 20% of the amount by which the total income
exceeds Rs 10,00,000

Above 25,00,000
30
Rs 3,84,000 plus 30% of the amount by which the total income
exceeds Rs 25,00,000

FEMALE

Up to 1,90,000
Nil
Nil

1,90,001 - 3,00,000
10
10% of the amount by which the total income exceeds Rs 1,90,000

3,00,001-5,00,000
20
10% of the amount by which the total income exceeds Rs 1,90,000

5,00,001-10,00,000
30
10% of the amount by which the total income exceeds Rs 1,90,000

10,00,001-25,00,000
30
Rs 81,000 plus 20% of the amount by which the total income
exceeds Rs 10,00,000

Above 25,00,000
30
Rs 381,000 plus 30% of the amount by which the total income
exceeds Rs 25,00,000

SENIOR CITIZEN

Up to 2,40,000
Nil
Nil

2,40,001 - 3,00,000
10
10% of the amount by which the total income exceeds Rs 2,40,000

3,00,001-5,00,000
20
10% of the amount by which the total income exceeds Rs 2,40,000

5,00,001-10,00,000
30
10% of the amount by which the total income exceeds Rs 2,40,000

10,00,001-25,00,000
30
Rs 76,000 plus 20% of the amount by which the total income exceeds
Rs 10,00,000

Above 25,00,000
30
Rs 3,76,000 plus 30% of the amount by which the total income
exceeds Rs 25,00,000