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.