Income Tax Rates/Slab for Assesment Year 2011-12 (F Y 2010-11)
Up to 1,60,000
Up to 1,90,000 (for women)
Up to 2,40,000 (for resident individual of 65 years or above) NIL
1,60,001 – 5,00,000 10 %
5,00,001 – 8,00,000 20 %
8,00,001 upwards 30 %
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senior citizen should to consider age above 60 years as govt person retired in age of of 60 years/sudarsan person
I retired on 31-10-2010, so the TDS was not deducted by the department in the month of March 2011. Now I want to pay Tax of about 4000/- before filing Return on or before 31-7-2011 please confirm whether any penalty/interest is to be paid. Whether I may issue cheque to ITO Range for payment of Tax