IT Rates for AY 1986-87 to AY iesm-14

[Gadepally Kameswara rao]

Sorry, attachment is failing. I'll type out below the rates for AYs 1986-87 to 1990-91 , and 1991-92 to 1994-95 ( typed in MS word and copied here).Subsequent ones have already been fwd. 

kamu

FY = Financial Year during which the income was received /accrued.

AY=Assessment Year which is the year following the financial year.

I.      Rates of Tax for Individual etc for FY 1985-86 / AY 1986-87 to  FY 1989-90 /AY 1990-91

        Taxable income                                           Assessment years

                 Rs.                           AYs 1986-87 & 1987-88      AYs  1988-89 & 89-90         AY 1990-91                  

                                                      Income Tax                        Income Tax       SC           Income Tax    SC

Upto 18000                                      nil                                         nil                nil                  nil              nil

18001 to   25000                            25%                                    25%               nil                  20%           nil

25001 to   50000                    Rs 1750 + 30%                  Rs 1750+ 30%      nil       Rs 1400 +30%    nil

50001 to 1,00,000                  Rs 9250 + 40%                 Rs 9250 + 40%      5%      Rs 8900 +40%     5%

Exceeding  1,00,000               Rs 29,250 +50%                Rs 29250 + 50%    5%     Rs28900 + 50%    5%

 

1. The prescribed slab rate (of Tax) is to be calculated on the amount by which the total income exceeds

     the immediately preceding slab.

2. No surcharge is payable by non-resident.

 

II.  Rates of Tax for individuals etc for FY 1990-91 / AY 1991-92  to  FY 1993-94 /AY 1994 – 95.

 

            Taxable income*                                           Assessment years

                 Rs.                           AYs 1991-92 & 1992 - 93      AYs  1993 -94                     AY 1994 -95                  

                                                      Income Tax       SC *          Income Tax     SC*           Income Tax    SC*

 Upto  22,000                                    Nil                 Nil                Nil                Nil                     Nil           Nil

22,001 to 28,000                              20%              Nil                Nil                Nil                     Nil           Nil

28,001 to 30,000                   Rs 1250 +20%        Nil               20%              Nil                     Nil           Nil

30,001 to 50,000                   Rs 1600 +30%        Nil        Rs 400 + 20%     Nil                     20%        Nil

50,001 to 75,000                   Rs 7600 +40%        Nil       Rs 4400 +30%     Nil       Rs 4000 +30%     Nil

75,001 to 1,00,000             Rs 17,600 +40%       12%    Rs1,900 + 30%    Nil     Rs 11,500+ 30%    Nil

Exceeding  1,00,000           Rs 27,600 + 50%      12%    Rs19,400 +40%   12%  Rs19,000 +40%     12% #

 

*For AYs 1993-94 onwards, “Taxable Income” excludes long –term  capital gains which are taxable at

   specified rates as per section 112.

 

No surcharge is payable by Non-Residents.

 

#   Surcharge will be levied at12% where taxable income including long-term capital gains, exceeds

     Rs 1,00,000.

 

Source : Nabhi’s  ibid for FY 2006-07 AY 2007-08

[pareshv...@gmail.com]

Please state the tax rate of registered firm for A.Y 1989-90