Tax rates - Financial year 2005-06
Class of Assessees Income Slabs Income Tax Surcharge Cess Total Tax Individuals (other than women and senior citizens) Upto Rs.1,00,000/- Nil Nil Nil Nil Rs. 1,00,001/- to Rs.  1,50,000/- 10 % Nil 2 % 10.2 % Rs. 1,50,001/- to Rs.  2,50,000/- 20 % Nil 2 % 20.4 % Rs. 2,50,001/- to Rs.10,00,000/- 30 % Nil 2 % 30.6 % Rs.10,00,0001/- and above 30 % 10% 2 % 33.66 % Women (resident in India not being a senior citizen Upto Rs.1,35,000/- Nil Nil Nil Nil Rs. 1,35,001/- to Rs.  1,50,000/- 10 % Nil 2 % 10.2 % Rs. 1,50,001/- to Rs.  2,50,000/- 20 % Nil 2 % 20.4 % Rs. 2,50,001/- to Rs.10,00,000/- 30 % Nil 2 % 30.6 % Rs.10,00,0001/- and above 30 % 10% 2 % 33.66 % Senior Citizens (Resident in India) Upto Rs.1,85,000/- Nil Nil Nil Nil Rs. 1,85,001/- to Rs.  2,50,000/- 20 % Nil 2 % 20.4 % Rs. 2,50,001/- to Rs.10,00,000/- 30 % Nil 2 % 30.6 % Rs.10,00,0001/- and above 30 % 10% 2 % 33.66 % Partnership Firms 30 % 10% 2 % 33.66 % Domestic Companies 30 % 10% 2 % 33.66 % Foreign Company 30 % 2.5 % 2 % 31.37 %