FIN623 Final Term Past Paper Spring 2009 Session 1

Tax slabs for salaried personnel · As per tax year 2010 · Sr.No · Taxable income · Rate of tax

where taxable income does not exceed Rs.300,000

0%

Where taxable income exceeds Rs.300,000 but nor exceeds Rs.350,000

0.75%

Where taxable income exceeds Rs.350,000 but not exceeds Rs.400,000

1.50%

Where taxable income exceeds Rs.400,000 but not exceeds Rs.450,000

2.50%

Where taxable income exceeds Rs.450,000 but not exceeds Rs.550,000

3.50%

Where taxable income exceeds Rs.550,000 but not exceeds Rs.650,000

4.50%

Where taxable income exceeds Rs.650,000 but not exceeds Rs.750,000

6.00%

Where taxable income exceeds Rs.750,000 but not exceeds Rs.900,000

7.50%

Where taxable income exceeds Rs.900,000 but not exceeds Rs.1,050,000

9.00%

Where taxable income exceeds Rs.1,050,000 but not exceeds Rs.1,200,000

10.00%

Where taxable income exceeds Rs.1,200,000 but not exceeds Rs.1,450,000

11.00%

Where taxable income exceeds Rs.1,450,000 but not exceeds Rs.1,700,000

12.50%

Where taxable income exceeds Rs1,700,000 but not exceeds Rs1,950,000

14.00%

Where taxable income exceeds RS.1,950,000 but not exceeds Rs.2,250,000

15.00%

Where taxable income exceeds Rs.2,250,000 but not exceeds Rs.2,850,000

16.00%

Where taxable income exceeds Rs.2,850,000 but not exceeds Rs.3,550,000

17.50%

Where taxable income exceeds Rs.3,550,000 but not exceeds Rs.4,550,000

18.50%

Where taxable income exceeds Rs.4,550,000