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Tax Ready Reckoner for the current financial year (Assessment year 2006-07). |
Tax Reckoner |
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For General Citizens |
For Women |
For Senior Citizens |
Annual Taxable Income |
Income tax |
Sur- charge |
Education Cess |
Total |
Income tax |
Sur- charge |
Education Cess |
Total |
Income tax |
Sur- charge |
Education Cess |
Total |
100000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
135000 |
3500 |
0 |
70 |
3570 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
150000 |
5000 |
0 |
100 |
5100 |
1500 |
0 |
30 |
1530 |
0 |
0 |
0 |
0 |
185000 |
12000 |
0 |
240 |
12240 |
8500 |
0 |
170 |
8670 |
0 |
0 |
0 |
0 |
200000 |
15000 |
0 |
300 |
15300 |
11500 |
0 |
230 |
11730 |
3000 |
0 |
60 |
3060 |
250000 |
25000 |
0 |
500 |
25500 |
21500 |
0 |
430 |
21930 |
13000 |
0 |
260 |
13260 |
300000 |
40000 |
0 |
800 |
40800 |
36500 |
0 |
730 |
37230 |
28000 |
0 |
560 |
28560 |
400000 |
70000 |
0 |
1400 |
71400 |
66500 |
0 |
1330 |
67830 |
58000 |
0 |
1160 |
59160 |
500000 |
100000 |
0 |
2000 |
102000 |
96500 |
0 |
1930 |
98430 |
88000 |
0 |
1760 |
89760 |
1000000 |
250000 |
0 |
5000 |
255000 |
246500 |
0 |
4930 |
251430 |
238000 |
0 |
4760 |
242760 |
1100000 |
280000 |
28000 |
6160 |
314160 |
276500 |
27650 |
6083 |
310233 |
268000 |
26800 |
5896 |
300696 |
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Tax rates for Resident Individual(Other than Women & Senior Citizen) or HUF |
Net Income Range |
Income Tax |
Plus Surcharge |
Plus Education Cess |
Up to Rs. 1,00,000 |
Nil |
Nil |
Nil |
Rs. 1,00,001 to Rs. 1,50,000 |
10% of income above Rs. 1,00,000 |
Nil |
2% of income tax |
Rs 1,50,001 to Rs. 2,50,000 |
Rs. 5,000 + 20% of the income above Rs. 1,50,000 |
Nil |
2% of income tax |
Rs. 2,50,001 to Rs. 10,00,000 |
Rs. 25,000 + 30% of income above Rs. 2,50,000 |
Nil |
2% of income tax |
Above Rs. 10,00,000 |
Rs. 2,50,000 + 30% of the income above Rs. 10,00,000 |
10% of income tax |
2% of income tax and surcharge |
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Tax Rates For Resident Women below 65 years of age |
Net Income Range |
Income Tax |
Plus Surcharge |
Plus Education Cess |
Up to Rs. 1,35,000 |
Nil |
Nil |
Nil |
Rs. 1,35,001 to Rs. 1,50,000 |
10% of the income above Rs. 1,35,000 |
Nil |
2% of income tax |
Rs 1,50,001 to Rs. 2,50,000 |
Rs. 1,500 + 20% of the income above Rs. 1,50,000 |
Nil |
2% of income tax |
Rs. 2,50,001 to Rs. 10,00,000 |
Rs. 21,500 + 30% of the income above Rs. 2,50,000 |
Nil |
2% of income tax |
Above Rs. 10,00,000 |
Rs. 2,46,500 + 30% of the income above Rs. 10,00,000 |
10% of income tax |
2% of income tax and surcharge |
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Tax Rates For Resident Senior Citizens ( 65 years of age and above, including those who turn 65 at any time during the Financial Year 2005-06) |
Net Income Range |
Income Tax |
Plus Surcharge |
Plus Education Cess |
Up to Rs. 1,85,000 |
Nil |
Nil |
Nil |
Rs. 1,85,001 to Rs. 2,50,000 |
20% of the income above Rs. 1,85,000 |
Nil |
2% of income tax |
Rs. 2,50,001 to Rs. 10,00,000 |
Rs. 13,000 + 30% of the income above Rs. 2,50,000 |
Nil |
2% of income tax |
Above Rs. 10,00,000 |
Rs. 2,38,000 + 30% of the income above Rs. 10,00,000 |
10% of income tax |
2% of income tax and surcharge |
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Tax implications of various investment options. |
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Continuum Financial Services Pvt.Ltd.
Flat No 101, Saraswathi Nivas, # 1-98/6/3/B/1, Cyber Hills Colony, Behind Image Gardens, Madhapur, Hyderabad – 500 033.
Phone : +91-040-65527169 Email : info@continuum.in
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