Thou Blessed Dream

If things go ill or well –
If joy rebounding spreads the face,
Or sea of sorrow swells –
A play – we each have part,
Each one to weep or laugh as may;
Each one his dress to don –
Its scenes, alternative shine and rain.

Thou dream, O blessed dream!
Spread far and near thy veil of haze,
Tone down the lines so sharp,
Make smooth what roughness seems.

No magic but in thee!
Thy touch make desert bloom to life.
Harsh thunder, sweetest song,
Fell death, the sweet release.

-Swami Vivekananda-

Income Tax Slab 2012-13

New  Income  Tax  Slabs  for  ay 12-13  for  Resident  Senior  Citizens  above  60  years  (FY  2011-12

S.  No.		Income  Range		Tax  percentage
1		Up  to  Rs  2,50,000		No  tax  /  exempt
2		2,50,001  to  5,00,000		10%
3		5,00,001  to  8,00,000		20%
4		Above  8,00,000		30%

New  Income  Tax  Slabs  for  ay 12-13  for  Resident  Senior  Citizens  above  80  years  (FY  2011-12)

S.  No.		Income  Range		Tax  percentage
1		Up  to  Rs  5,00,000		No  tax  /  exempt
2		5,00,001  to  8,00,000		20%
3		Above  8,00,000		30%

Income  Tax  Slabs  for  ay 12-13  for  Resident  Women  (below  60  years)  (FY  2011-12)

S.  No.		Income  Range		Tax  percentage
1		Up  to  Rs  1,90,000		No  tax  /  exempt
2		1,90,001  to  5,00,000		10%
3		5,00,001  to  8,00,000		20%
4		Above  8,00,000		30%
New Income Tax Slabs for ay 12-13 Others& Men-FY2011-12
S.  No.		Income  Range		Tax  percentage
1		Up  to  Rs  1,80,000		No  tax  /  exempt
2		1,80,001  to  5,00,000		10%
3		5,00,001  to  8,00,000		20%
4		Above  8,00,000		30%

For normal category the simple calculation is as follows:

Taxable Income in 10% slab maximum tax will be Rs 32000
Taxable Income in 20% slab maximum tax will be Rs 32000 + Rs 60000 total Rs 92000
Taxable Income in 30% slab minimum tax will be Rs 92000
Education and other cess will be in addition to this