Income Tax Slab Rate

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

All Tax slab will be applicable w.e.f. 01.04.2012

Income Tax Slab for Financial Year 2011-12
Assessment Year 2012-13
	Tax	Man	Women	Senior Citizen	Senior Citizen
				Age =>60 and < 80	Age => 80
	Rate	(In Rupees)	(In Rupees)	(In Rupees)	(In Rupees)
1	0.00%	Upto 1,80,000	Upto 1,90,000	Upto 2,50,000	Upto 5,00,000
2	10.00%	1,80,001 to 5,00,000	1,90,001 to 5,00,000	2,50,001 to 5,00,000
3	20.00%	5,00,001 to 8,00,000	5,00,001 to 8,00,000	5,00,001 to 8,00,000	5,00,001 to 8,00,000
4	30.00%	Above 8,00,000	Above 8,00,000	Above 8,00,000	Above 8,00,000
Income Tax Slab for Financial Year 2011-12
Assessment Year 2012-13
Note :- 1) Surcharge is Nil and 3% Cess will be charged on Above Tax
2) Age of Senior Citizen is = 60 Years

Assessment  year	Rate	Resident woman	Resident Sr citizen	General/others
2011-12	Nil	Up to 190000	Up to 240000	Up to 160000
	10%	190000-500000	240000-500000	160000-500000
	20%	500000-800000	500000-800000	500000-800000
	30%	Above 800000	Above 800000	Above 800000
	Surcharge: NIL
	Cess: 3% on Income Tax (2 % education cess ,1% Higher secondary cess)
2010-11	Nil	Up to 190000	Up to 240000	Up to 160000
	10%	190000-300000	240000-300000	160000-300000
	20%	300000-500000	300000-500000	300000-500000
	30%	Above 500000	Above 500000	Above 500000
	Surcharge: NIL
	Cess: 3% on Income Tax (2 % education cess ,1% Higher secondary cess)
2009-10	Nil	Up to 180000	Up to 225000	Up to 150000
	10%	180000-300000	225000-300000	150000-300000
	20%	300000-500000	300000-500000	300000-500000
	30%	Above 500000	Above 500000	Above 500000
	Surcharge: 10 % on Income Tax if income Exceeding Rs 10,00,000
	Cess: 3% on Income Tax & surcharge (2 % education cess ,1% Higher secondary cess)
2008-09	Nil	Up to 145000	Up to 195000	Up to 110000
	10%	145000-300000	195000-300000	110000-300000
	20%	300000-500000	300000-500000	300000-500000
	30%	Above 500000	Above 500000	Above 500000
	Surcharge: 10 % on Income Tax if income Exceeding Rs 10,00,000
	Cess: 3% on Income Tax & surcharge (2 % education cess ,1% Higher secondary cess)
2006-07 and 2007-08	Nil	Up to 135000	Up to 185000	Up to 100000
	10%	135000-300000	185000-300000	100000-300000
	20%	300000-500000	300000-500000	300000-500000
	30%	Above 500000	Above 500000	Above 500000
	Surcharge: 10 % on Income Tax if income Exceeding Rs 10,00,000
	Cess: 2% on Income Tax & surcharge (2 % education cess )

Posted in: Taxes