what is the current income tax rate 2010-11
Tax rate 2010-11
nasisr haider
Exploring 2010-11 Income Tax Rates: Individual & HUF Slabs, Special Rates for Women, Seniors, Firms, and Companies. A discussion forum addressed the income tax rates for the financial year 2010-11. The rates for individuals and Hindu Undivided Families (HUF) were categorized into slabs: up to Rs. 1,60,000 was tax-free, Rs. 1,60,000 to Rs. 3,00,000 was taxed at 10%, Rs. 3,00,000 to Rs. 5,00,000 at 20%, and above Rs. 5,00,000 at 30%. Special rates applied for resident women and senior citizens, with higher tax-free thresholds. Firms were taxed at 30%, domestic companies at 30%, and foreign companies at varying rates depending on income type. (AI Summary)