Thursday, August 11, 2011

INCOME TAX RATES AY 2002-03 INDIVIDUAL HUF AOP BOI


By on 9:53 AM

The rates for Assessment year 2002-03 is given in the table below.These rates are applicable on Individual assessee, Hindu undivided Family (HUFs) ,Association of persons (AOP) and Body of Individuals (BOI).
Taxable Income(in Rs)
Assessment year (2002-03)
On the first Rs 50000
Nil
50000-60000
10%
60000-150000
20%
Over 150000
30%
Surcharge :2 % of Income Tax if income exceeds Rs 60000
Surcharge  is applicable on resident and non resident both

About Syed Faizan Ali

Faizan is a 17 year old young guy who is blessed with the art of Blogging,He love to Blog day in and day out,He is a Website Designer and a Certified Graphics Designer.

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