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Tax Information

 Tax Information - FY 2012 - 2013

    Income tax slabs 2012-2013 - for General tax payers

    S. No. Income tax slab (in Rs.) Tax percentage
    1 0 to 2,00,000 No tax
    2 2,00,001 to 5,00,000 10%
    3 5,00,001 to 10,00,000 20%
    4 Above 10,00,000 30%

    Income tax slabs 2012-2013 - for Female tax payers

    S. No. Income tax slab (in Rs.) Tax percentage
    1 0 to 2,00,000 No tax
    2 2,00,001 to 5,00,000 10%
    3 5,00,001 to 10,00,000 20%
    4 Above 10,00,000 30%

    Income tax slabs 2012-2013 - for Senior citizen (Aged 60 years but less than 80 years)

    S. No. Income tax slab (in Rs.) Tax percentage
    1 0 to 2,50,000 No tax
    2 2,50,001 to 5,00,000 10%
    3 5,00,001 to 10,00,000 20%
    4 Above 10,00,000 30%

    Income tax slabs 2012-2013 - for Very Senior citizen (Above 80 years)

    S. No. Income tax slab (in Rs.) Tax percentage
    1 0 to 5,00,000 No tax
    2 5,00,001 to 10,00,000 20%
    3 Above 10,00,000 30%

 Tax Information - FY 2011 - 2012

    Income tax slabs 2011-2012 - for General tax payers

    S. No. Income tax slab (in Rs.) 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%

    Income tax slabs 2011-2012 - for Female tax payers

    S. No. Income tax slab (in Rs.) 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%

    Income tax slabs 2011-2012 - for Senior citizen (Aged 60 years but less than 80 years)

    S. No. Income tax slab (in Rs.) 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%

    Income tax slabs 2011-2012 - for Very Senior citizen (Above 80 years)

    S. No. Income tax slab (in Rs.) 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%

    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
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