TaxTMI 
TaxTMI 
what is the current income tax rate 2010-11
Tax rate 2010-11
03 Jan 2011 
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Income tax rates clarified for individuals, women, senior citizens and companies with distinct slab and entity rates.
Individuals and HUF are taxed under graduated slabs with a nil threshold and increasing marginal rates; resident women and resident senior citizens have higher nil-income thresholds and adjusted marginal computations. Firms face a flat tax rate and domestic companies are taxed at the stated company rate while foreign company treatment is not provided. Specified royalty and technical-service receipts under historical agreements attract a distinct higher rate; other income is subject to a separate rate. (AI Summary)
Individuals and HUF are taxed under graduated slabs with a nil threshold and increasing marginal rates; resident women and resident senior citizens have higher nil-income thresholds and adjusted marginal computations. Firms face a flat tax rate and domestic companies are taxed at the stated company rate while foreign company treatment is not provided. Specified royalty and technical-service receipts under historical agreements attract a distinct higher rate; other income is subject to a separate rate. (AI Summary)