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Income Tax Slabs for Financial Year 2012-13

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

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