Wednesday, June 8, 2011

Income Tax Slabs for the Assessment Year 12-13 / F.Y. 11-12








National e-Governance Plan 2011


INCOME TAX SLAB RATE FOR A.Y.2012-13
The new and revised income tax slabs and rates applicable for the financial year (FY) 2011-12 and assessment year (AY) 2012-13 are mentioned below:

For Individual male,Age less than 60 Years
Up to 180000     : Nil
180001-500000 : 10%
500001-800000 : 20%
800001 & above : 30%

For Individual female,Age less 60 years
Up to 190000     : Nil
190001-500000  :10%
500001-800000  : 20%
800001 & above : 30%

For Individual, Age more than 60 Years ( Senior Citizen)
Up to 250000     : Nil
250001-500000  : 10%
500001-800000  : 20%
800001 & above : 30%

For Individual ,Age more than 80 Years ( Super Citizen )
Up to 500000     :    Nil
500001-800000  : 20%
800001 & above : 30%

Further there is no change in education and other cess.