Income tax rate for the year 2008 - 2009

PERSONAL TAX RATES
For individuals, HUF, Association of Persons (AOP) and Body of
individuals (BOI):

Taxable income slab (Rs.)	Rate (%)
Up to 1,50,000Up to 1,80,000 (for women)Up to 2,25,000 (for resident individual of 65 years or above)	NIL
1,50,001 – 3,00,000	10
3,00,001 – 5,00,000	20
5,000,001 upwards	30*

*A surcharge of 10 per cent of the
total tax liability is applicable where the total income exceeds Rs
1,000,000.