The revised Income Tax (IT) rates for Financial Year (FY) 2010-2011 is listed below.
The Finance Minister Mr. Pranab Mukherjee has revised the Income Tax rates.
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income tax rates for ay 10-11

There will be no tax for income up to Rs 1.6

For income between Rs 1.6-5 lakh, the tax liability will be 10% (earlier slab was [...]