Wednesday, 2 May 2012

Income Tax Rates

Assessment Year 2012-13 (Previous year 2011-12)


Income Tax Rates/Slab for Assessment Year 2012-13 (F Y 2011-12)Rate(%age)
Up to 1,80,000
Up to 1,90,000 (for women)
Up to 2,
50,000 (for resident individual of 65 years till 80 years)
NIL
1,80,001 – 5,00,000 Up to 500,000 (for resident individual of 80 years and above, Tax is nil)10 Nil
5,00,001 – 8,00,00020
8,00,001 upwards 30


Income Tax Rates/Slab for Assessment Year 2012-13 (F Y 2011-12)Rate(%age)
Up to 1,80,000
Up to 1,90,000 (for women)
Up to 2,
50,000 (for resident individual of 65 years till 80 years)
NIL
1,80,001 – 5,00,000 Up to 500,000 (for resident individual of 80 years and above, Tax is nil)10 Nil
5,00,001 – 8,00,00020
8,00,001 upwards 30

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