Monday, July 21, 2008

Income Tax Rates For FY 2005-06 & 2006-07

For Men & HUF:
0 - - 1,00,000 Nil
1,00,001 - 1,50,000 10%
1,50,001 - 2,50,000 20%
More than 2,50,001 30%

For Women
0 - 1,35,000 Nil
1,35,001 - 1,50,000 10%
1,50,001 - 2,50,000 20%
More than 2,50,001 30%

For Senior Citizen
0 - 1,85,000 Nil
1,85,001 - 2,50,000 20%
More than 2,50,001 30%

*Surcharge @ 10% applicable if total income exceeds Rs. 8.5 lakh for A.Y. 2005-06 and Rs. 10 lakh for A.Y. 2006-07.
*There is a new section 80C according to which a person can get rebate upto Rs. 1,00,000 against insurance premium, PF contributions and other such schemes.
*In case of higher education there is a deduction in tax for a maximum period of 8 years.
*Marginal relief would be provided to ensure that the additional income tax payable including surcharge, on the excess of income over Rs. 10,00,000 (Rs. 8.5 lakh for A.Y. 2005-06) is limited to the amount by which the income is more than Rs. 10 lakh (Rs. 8.5 lakh for A.Y. 2005-06).
*Education cess @ 2% on tax plus surcharge.


  1. Can You please answer that For A.y. 2005-06, Contribution made to PPF is claimed Deduction U/s Which section???

  2. Okay you are true, YouTube is best video distribution site, as YouTube is a lightly no much streaming time rather than other web sites.

    Buy perfect money

  3. The variable rates should generally be paid down first in the event of rising rates, since these will be affected the soonest. guarantor loans

  4. Beberapa tips cara menggugurkan hamil untuk anda dengan menggunakan obat penggugur kandungan cytotec , terbukti dengan cepat untuk cara mencegah kehamilan . Maka dari itu pilihlah obat aborsi sangat ampuh . Jika anda telah haid obat telat datang bulan juga manjur , kami jual obat aborsi ini secara online

  5. Thanks for posting this info. I just want to let you know that I just check out your site and I find it very interesting and informative. I can't wait to read lots of your posts. ba in public administration