Income Tax Rates for the A.Y. 2011-12 [Financial Year 2010-11]

I In case of individual (other than II and III below) and HUF

	Income Level	Income Tax Rate
i.	Where the total income   does not exceed Rs.1,60,000/-.	NIL
ii.	Where the total income exceeds  Rs.1,60,000/- but does not exceed Rs.5,00,000/-.	10% of amount by which the total income exceeds  Rs. 1,60,000/-
iii.	Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-.	Rs. 34,000/- + 20% of the  amount by which the  total income exceeds  Rs.5,00,000/-.
iv.	Where the total income exceeds Rs.8,00,000/-.	Rs. 94,000/- + 30% of the  amount by which  the total income exceeds Rs.8,00,000/-.

II. In case of individual being a woman resident in India and below the age of 65 years
at any time during the previous year:-

	Income Level	Income Tax Rate
i.	Where the total income does not exceed Rs.1,90,000/-.	NIL
ii.	Where total income exceeds Rs.1,90,000/- but does not exceed Rs.5,00,000/-.	10% of the amount  by which the total income exceeds  Rs.1,90,000/-.
iii.	Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-.	Rs. 31,000- + 20% of the amount by which  the total income exceeds  Rs.5,00,000/-.
iv.	Where the total income exceeds Rs.8,00,000/-	Rs.91,000/- + 30% of  the amount by which  the total income exceeds Rs.8,00,000/-.

III. In case of an individual resident who is of the age of 65 years or more at any time
during the previous year:-

	Income Level	Income Tax Rate
i.	Where the total income does not exceed Rs.2,40,000/-.	NIL
ii.	Where the total income exceeds Rs.2,40,000/- but does not exceed Rs.5,00,000/-	10% of the amount by  which the total income  exceeds Rs.2,40,000/-.
iii.	Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-	Rs.26,000/- + 20% of the  amount by which the  total income exceeds  Rs.5,00,000/-.
iv.	Where the total income exceeds Rs.8,00,000/-	Rs.86,000/- + 30% of  the amount by which the total income exceeds Rs.8,00,000/-.

Surcharge: The surcharge on Income Tax for Individuals for total income exceeding
Rs.10 lacs stands removed.
Education Cess: 3% of the Income-tax.