|
Tax Structure - Income
|
1998-99 |
1999-00 |
2000-01 |
2001-02 |
2002-03 |
2003-04 |
| Basic Exemption |
40000 |
50000 |
50000 |
50000 |
50000 |
50000 |
| INDIVIDUAL / HUF
/ AOP / BOI |
| Income Upto |
50000 |
10% |
- |
- |
- |
- |
- |
| Next 10000/- |
60000 |
10% |
10% |
10% |
10% |
10% |
10% |
| Next 40000/- |
100000 |
20% |
20% |
20% |
20% |
20% |
20% |
| Next 20000/- |
120000 |
20% |
20% |
20% |
20% |
20% |
20% |
| Next 30000/- |
150000 |
20%
|
20%
|
20%
|
20%
|
20%
|
20%
|
| Rest |
- |
30% |
30% |
30% |
30% |
30% |
30% |
| Surcharge
if income>60000 after deducting rebate u/s 88 & 88D. |
10%
|
(10+2)%
|
2%
|
5%
|
| REGD.
FIRM/FIRMS |
35% |
35% |
38.5% |
38.5% |
35.7% |
36.75% |
| DOMESTIC
CO. |
35% |
35% |
35% |
35% |
35% |
5% |
Surcharge
If income
Rs. 75,000 |
15% |
7.5% |
10% |
(10+2)% |
2% |
5% |
|
