|
The new and revised income tax slabs and rates applicable for the financial year (FY) 2012-13 and assessment year (AY) 2012-2013-14 are mentioned below:
|
New Income tax slab for ay 13-14
|
|
New Income Tax Slabs for ay 13-14 for Resident Senior Citizens above 60 years (FY 2012-13)
|
|
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 10,00,000
|
20%
|
|
4
|
Above 10,00,000
|
30%
|
|
New Income Tax Slabs for ay 13-14 for Resident Senior Citizens above 80 years (FY 2012-13)
|
|
S. No.
|
Income Range
|
Tax percentage
|
|
1
|
Up to Rs 5,00,000
|
No tax / exempt
|
|
2
|
5,00,001 to 10,00,000
|
20%
|
|
3
|
Above 10,00,000
|
30%
|
|
Income Tax Slabs for ay 13-14 for Resident Women (below 60 years) (FY 2012-13)
|
|
1
|
Up to Rs 2,00,000
|
No tax / exempt
|
|
2
|
2,00,001 to 5,00,000
|
10%
|
|
3
|
5,00,001 to 10,00,000
|
20%
|
|
4
|
Above 10,00,000
|
30%
|
|
New Income Tax Slabs for ay 13-14 Others & Men (FY 2012-13)
|
|
1
|
Up to Rs 2,00,000
|
No tax / exempt
|
|
2
|
2,00,001 to 5,00,000
|
10%
|
|
3
|
5,00,001 to 10,00,000
|
20%
|
|
4
|
Above 10,00,001
|
30%
|
Education and other cess will be in addition to this
|
