tax slab

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Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2011 what is the tax slab for a.y. 2011-12

CA. Deepak Narula

CA. Deepak Narula (Expert)
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21 April 2011 For males:
upto 160000 - no tax
160001 upto 500000 - 10%
500001-800000 - 20%
above 800000 - 30%

for females, basic exemption limit is Rs. 190000 and for senior citizens, it is Rs. 240000. all other limits are same.

(limits are for FY 2010-11 and AY 2011-12 as asked for and in this year senior citizen age is 65 years)

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