WHAT IS THE CURRENT INCOME TAX RATE FOR BOTH MAN N WOMEN???
3 Replies
sudarshan v k
(Chartered Accountant )
(25 Points)
Replied 24 November 2011
FOR FY 11-12 INCOME TAX RATE
FOR MENS , AGE BELOW 60 YEARS- Rs180000-500000 - 10%
& IN CASE OF WOMEN- Rs190000- 500000 - 10%
& SENIOUR CITIZEN , AGE BETWEEN 60 TO 80 YEARS Rs240000-500000 - 10%
& AGE ABOVE 80 YEARS UPTO Rs.500000 - NIL
CA Ketan Waghela
(Partner at Elite Educare)
(356 Points)
Replied 15 December 2011
Rahul ji,
Please refer to the link, Slab rates applicable for indivials are mentioned in this link.
https://www.finance.pushpi.com/income-tax-rates-for-assessment-year-2012-13.htm
deepak
(C.A & C.S Final)
(63 Points)
Replied 17 December 2011
The following are the income tax rates for assessment year 2012-13. These will be applicable for all financial transactions done in the financially year 2011-12
Rates of income tax for assessment year 2012-13 |
||
| Rates of income tax for assessment year 2012-13 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% |
| Income tax rates for assessment year 2012-13 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 rates for assessment year 2012-13 for Resident Women (below 60 years) (FY 2011-12) | ||
| 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 rates for assessment year 2012-13 Others & Men (FY 2011-12) | ||
| 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% |
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