 Tax Information 2012
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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
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Tax Information 2011
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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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