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