FY 2010 (APR'10 - MAR'11)
Income Tax Slabs
| Slab | Upto 1.6* L | 1.6* - 5 L | 5 - 8 L | 8 L + |
| Tax | Nil | 10**% | 20**% | 30**% |
*1.9 for Women & 2.4 for Senior Citizens
**Its 10.3%, 20.6% and 30.9% effectively including the education cess
Deductions Allowed (above this 1.6 Slab)
- 9600 for Travel Allowance
- Upto 1L in PF / Mutual Funds / FDs / Insurance / Bonds under 80C
- Upto 20K in Long term Infrastructure bonds
- Upto 1.5L in Home Loan Interest
- Upto 15K for Medical Expenses
- Upto 35K for Mediclaim premium under 80D
- Selected Donations
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