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For corporate tax and foreign company tax  rates, click here

For personal tax rates, read below:-


Income Tax Slab for Financial Year 2012-13

Assessment Year 2013-14

 

Tax

Man

Women

Senior Citizen

 

 

Rate

(In Rupees)

(In Rupees)

(In Rupees)

 

1

0.00%

Upto 2,00,000

Upto 2,00,000

Upto 2,50,000

 

2

10.00%

2,00,001 to 5,00,000

2,00,001 to 5,00,000

2,50,001 to 5,00,000

 

3

20.00%

5,00,001 to 10,00,000

5,00,001 to 10,00,000

5,00,001 to 10,00,000

 

4

30.00%

Above 10,00,000

Above 10,00,000

Above 10,00,000

 

Note :- 1) Surcharge is Nil and 3% Cess will be charged on Above Tax

 

2) Age of Senior Citizen is = 65 Years

 

3) Corporate Tax will be 30% and surcharge and cess will be Nil.

 

4) Befnefit of Rs. 1.50 Lakh for Interest on Housing Loan will be continued

 

 Above Tax Slab will be applicable w.e.f. 01.04.2012

 



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:

New Income tax slab for ay 12-13

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)

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 (FY 2011-12)

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%

 

The new and revised income tax slabs and rates applicable for the financial year (FY) 2010-11 and assessment year (AY) 2011-12 are mentioned below:

Income tax slab for ay 11-12

New Income Tax Slabs for ay 11-12 for Resident Senior Citizens (FY 2010-11)

S. No.

Income Range

Tax percentage

1

Up to Rs 2,40,000

No tax / exempt

2

2,40,001 to 5,00,000

10%

3

5,00,001 to 8,00,000

20%

4

Above 8,00,000

30%

Income Tax Slabs for ay 11-12 for Resident Women (below 65 years) (FY 2010-11)

1

Up to Rs 1,90,000

No tax / exempt

2

1,90,001 to 5,00,000

10%

3

5,00,001 to 8,00,00

20%

4

Above 8,00,000

30%

New Income Tax Slabs for ay 11-12 Others & Men (FY 2010-11)

1

Up to Rs 1,60,000

No tax / exempt

2

1,60,001 to 5,00,000

10%

3

5,00,001 to 8,00,000

20%

4

Above 8,00,000

30%

 

Income Tax Slabs for ay 10-11 are mentioned below

Income tax slab for ay 10-11

Income Tax Slabs for ay 10-11 for Resident Senior Citizens (FY 2009-10)

S. No.

Income Range

Tax percentage

1

Up to Rs 2,40,000

No tax / exempt

2

2,40,001 to 3,00,000

10%

3

3,00,001 to 5,00,000

20%

4

Above 5,00,000

30%

Income Tax Slabs for ay 10-11 for Resident Women (below 65 years) (FY 2009-10)

1

Up to Rs 1,90,000

No tax / exempt

2

1,90,001 to 3,00,000

10%

3

3,00,001 to 5,00,00

20%

4

Above 5,00,000

30%

Income Tax Slabs for ay 10-11 Others & Men (FY 2009-10)

1

Up to Rs 1,60,000

No tax / exempt

2

1,60,001 to 3,00,000

10%

3

3,00,001 to 5,00,000

20%

4

Above 5,00,000

30%