RATES OF TAX
FOR ASSESSMENT YEAR 2002-2003 & 2003-04
FOR INDIVIDUALS & HUFS
| TOTAL INCOME | RATES OF TAX |
| 0 TO 50,000 | NIL |
| 50,000 TO 60,000 | 10% |
| 60,000 TO 1,50,000 | 20% |
| 1,50,000 AND ABOVE. | 30% |
SURCHARGE @ 2% IS LEVI ABLE ON TAX PAYABLE AFTER REBATE U/S. 88 for asst. year 2002-03 & at 5% for Asst. Yr. 2003-04.
FOR REGISTERED FIRMS & Companies
35% + 2% SURCHARGE= 35.07 % for Asst. year 2002-03
35% + 5% SURCHARGE= 36.75 % for Asst. year 2003-04