Income Tax slabs for Assessment Year 2012-13.
| Up to Rs. 1,80,000 | Nil |
| Rs.1,80,001 to Rs. 5,00,000 | 10% |
| Rs. 5,00,001 to Rs. 8,00,000 | 20% |
| Above Rs. 8,00,000 | 30% |
For Women Tax Payers Up to Rs. 1,90,000 Nil. The remaining slabs are same.
For Senior Citizens above 60 years Up to Rs. 2,50,000 Nil. The remaining slabs are same.
For Senior Citizens above 80 years Up to Rs. 5,00,000 Nil. The Remaining slabs are same.
Relevant Financial Year is 2011-12 (1st April 2011 to 31st March 2012).
Senior Citizens should have attained the Age anytime during the Financial Year.
HAPPY EARNING / HAPPY INVESTING / HAPPY SAVING
2 comments:
Shan, you have mentioned Up to Rs. 1,00,000 - NIL, and 10% for 1,80,000 onwards!
What if I earn 1,50,000? Was the NIL slab upto 1,80,000 or just 1,00,000?
Thanks Vikki, it is a mistake. It should be Rs 1,80,000/ . Correction done.Thanks
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