Income Tax Slab For FY 2007-08

Taxable income slab (Rs.)	Rate (%)
Up to 1,10,000 Up to 1,45,000 (for women) Up to 1,95,000 (for resident individual of 65 years or above)	NIL
1,10,000 - 1,50,000	10*
1,50,001 - 2,50,000	20*
2,50,001 & above	30**

*A surcharge of 10 per cent of the total tax liability is applicable where the total income exceeds Rs 1,000,000.
*Education cess is applicable @ 3 per cent on income tax, inclusive of surcharge if there is any.