Monday, April 09, 2012


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