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Individual Tax Rates for the assessment year 2005-06 |
Taxable income |
Rates |
Up to Rs. 100,000 |
NIL |
Rs 100,000 to 150,000 |
10% |
Rs 150,000 to 250,000 |
20% |
Above 250,000 |
30% |
A surcharge of 10 percent is levied if net income of an individual assessee exceeds Rs.10 Lakhs |
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