Wednesday, October 26, 2011

Income Tax Slab Rate for A.Y. 2012-13



New Income tax slab for A.Y. 2012-13
New Income Tax Slabs for ay 12-13 for Resident Senior Citizens above 60 years (FY 2011-12)
S. No.Income RangeTax percentage
1Up to Rs 2,50,000No tax / exempt
22,50,001 to 5,00,00010%
35,00,001 to 8,00,00020%
4Above 8,00,00030%
New Income Tax Slabs for ay 12-13 for Resident Senior Citizens above 80 years (FY 2011-12)
S. No.Income RangeTax percentage
1Up to Rs 5,00,000No tax / exempt
25,00,001 to 8,00,00020%
3Above 8,00,00030%
Income Tax Slabs for ay 12-13 for Resident Women (below 60 years) (FY 2011-12)
1Up to Rs 1,90,000No tax / exempt
21,90,001 to 5,00,00010%
35,00,001 to 8,00,00020%
4Above 8,00,00030%
New Income Tax Slabs for ay 12-13 Others & Men (FY 2011-12)
1Up to Rs 1,80,000No tax / exempt
21,80,001 to 5,00,00010%
35,00,001 to 8,00,00020%
4Above 8,00,00030%

Education and Higher Education Cess at the rate of 3% will be in addition to the above mentioned rates.

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