Monday, August 20, 2012

Income Tax Rates Slab for financial year 2012-2013


Income Tax Rates for financial year 2012-2013 (Assessment year: 2013-14)
Men
Upto Rs. 2,00,000
Nil
Rs. 2,00,001 to Rs. 5,00,000
10%
Rs. 5,00,001 to Rs. 10,00,000
20%
Above Rs. 10,00,000
30%
 Women
Upto Rs. 2,00,000
Nil
Rs. 2,00,001 to Rs. 5,00,000
10%
Rs. 5,00,001 to Rs. 10,00,000
20%
Above Rs. 10,00,000
30%
Individual of 60 years or above (Senior Citizens)
Upto Rs. 2,50,000
Nil
Rs. 2,50,001 to Rs. 5,00,000
10%
Rs. 5,00,001 to Rs. 10,00,000
20%
Above Rs. 10,00,000
30%
Individual of 80 years or above (Very Senior Citizens)
Upto Rs. 5,00,000
Nil
Rs. 5,00,001 to Rs. 10,00,000
20%
Above Rs. 10,00,000
30%
 As per budget presented on 28th Feb, 2011, Pranav Mukherjee proposed changes forincome tax rate slabs as per below.Apart from current one lakh investment, additional 20,000 Rs will be non-taxable, if it is invested in long term infrastructure bonds.

1 comment :

  1. UnknownFebruary 19, 2013 at 11:42 AM

    Thanks for sharing new Income Tax Slab rate information. I am also an earner people and want to know my tax slab. Now I can easily know from this information under which slab my income is lying.

    ReplyDelete

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