Understanding Tax Slab Rates and Professional Taxes for FY 2010-11 and FY 2011-12

Hi All,

Can anybody help regarding the new tax slab rates such as income tax, TDS, professional tax, etc. for the FY 2010-11?

Thanks & Regards,
Sachchidanand

Maharashtra

Salary less than Rs. 5000 Nil

More than 5000 but less than 10000 Rs. 175

For salaries above 10000, Rs. 2500 for the whole year is to be collected as Rs. 200 every month and Rs. 300 in February.

Income Tax Slab for F.Y. 2010-11, A.Y. 2011-12

For Male below 65 Years:
- UPTO 160000: NIL
- 160001-500000: 10.00%
- 500000-800000: 20.00%
- MORE THAN 800000: 30.00%

For Women Taxpayers:
- UPTO 190000: NIL
- 190001-500000: 10.00%
- 500000-800000: 20.00%
- MORE THAN 800000: 30.00%

For Senior Citizens:
- UPTO 240000: NIL
- 240001-500000: 10.00%
- 500000-800000: 20.00%
- MORE THAN 800000: 30.00%

SURCHARGE ON INCOME ABOVE 10 LAKH HAS BEEN ABOLISHED

PTax Maharashtra:
- Salary less than Rs. 5000: NIL
- More than 5000 but less than 10000: Rs. 175
- More than 10000: Rs. 2500 for the whole year, to be collected as Rs. 200 every month and Rs. 300 in February.

I want to know what the slab rates of Profession Tax are for the Financial year 2010-2011 (A.Y. 2011-2012). Also, I would like to understand how this tax is calculated. For example, the number of days attended out of the total working days, etc.

Anybody can help regarding New Tax Slab Rates like Income Tax, TDS, Professional Tax, etc., for the FY 2011-12 for Odisha state.

Thanks & Regards,
Bijaya