Monday, February 14, 2011

Income Tax Rates Slab FY 2011 - 2012 - New Income Tax Rate Slabs FY 11-12 - Budget Income Tax Rates 2011 - Income Tax Slab FY 2011-2012 - Income Tax Slab - Income Tax Rates AY 12-13

Income Tax Rates and Slabs for the Financial Year 2011 - 2012 (FY 11-12) and Assessment Year 2012-2013 (AY 12-13)  for men, women, senior citizens will be announced in Budget by Finance Minister Pranab Mukherjee in Parliament on February 28 2011 (Monday) around 11 am


New Rates for FY 11-12

Slabs & Rates For Men, Man, Individual:
- Income upto Rs. 1.8 lakhs - Nil
- Income from Rs. 1,80,001 to Rs. 5 lakhs  - 10% Tax (10 per cent )
- Income from Rs. 5,00,001 and Rs. 8 lakhs - 20% Tax (20 per cent)
- Income above Rs. 8 lakhs - 30% Tax (30 per cent )

Slab & Rate For Women, Woman, Female, Ladies
- Income upto Rs. 1.9 lakhs - Nil

- Income from Rs. 1,90,001 to Rs. 5 lakhs  - 10% Tax (10 per cent )
- Income from Rs. 5,00,001 and Rs. 8 lakhs - 20% Tax (20 per cent)
- Income above Rs. 8 lakhs - 30% Tax (30 per cent )

Slabs & Rate For Senior Citzens (Age- 60-79 Years)

- Income upto Rs. 2.5 lakhs - Nil
- Income from Rs. 2,50,001 to Rs. 5 lakhs  - 10% Tax (10 per cent )
- Income from Rs. 5,00,001 and Rs. 8 lakhs - 20% Tax (20 per cent)
- Income above Rs. 8 lakhs - 30% Tax (30 per cent )


Slabs & Rate For Very Senior Citzens (Age- 80+ Years)
- Income upto Rs. 5 lakhs - Nil
- Income from Rs. 5,00,001 and Rs. 8 lakhs - 20% Tax (20 per cent)
- Income above Rs. 8 lakhs - 30% Tax (30 per cent )


Tags: Income Tax Rates Slab 2011 - 2012 - Income Tax Rate Slabs FY 11-12  - Budget Income Tax Rates 2011 - Income Tax Slab FY 2011-2012 - Income Tax Slab - Income Tax Rates AY 12-13

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