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Tax Information

 Tax Information 2012

    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)

    S. No. Income Range Tax percentage
    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)

    S. No. Income Range Tax percentage
    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%

    For normal category the simple calculation is as follows

    • Taxable Income in 10% slab maximum tax will be Rs. 32000
    • Taxable Income in 20% slab maximum tax will be Rs. 32000 + Rs. 60000 total Rs. 92000
    • Taxable Income in 30% slab minimum tax will be Rs. 92000

    Education and other cess will be in addition to this


 Tax Information 2011

    New Income Tax Slabs for Assessment Year 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 Assessment Year 11-12 for Resident Women (below 65 years) (FY 2010-11)

    S. No. Income Range Tax percentage
    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 Assessment Year 11-12 Others & Men (FY 2010-11)

    S. No. Income Range Tax percentage
    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%

    For normal category the simple calculation is as follows

    • Taxable Income in 10% slab maximum tax will be Rs 34000
    • Taxable Income in 20% slab maximum tax will be Rs 34000 + Rs 60000 total Rs 94000
    • Taxable Income in 30% slab minimum tax will be Rs 94000

    Education and other cess will be in addition to this.

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