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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% |
|