Personal Taxation

Tax rates for latest Six Assessment Years :

Assessment Year 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02

upto Rs.40000

Nil

Nil

Nil

Nil

Nil

Nil

Rs.40001-Rs.50000

20 %

15 %

10 %

Nil

Nil

Nil

Rs. 50001-Rs.60000

20 %

15 %

10 %

10 %

10 %

10 %

Rs.60001-Rs.120000

30 %

30 %

20 %

20 %

20 % + 2 % Surcharge

20 % + 2 % Surcharge

Rs.120001-150000

40 %

40 %

20 %

20 %

20 % + 2 % Surcharge

20 % + 2 % Surcharge

Rs.150001 & above

40 %

40 %

30 %

30 %

30 % + 3 % Surcharge

30 % + 4.5 % Surcharge



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