Thursday, July 28, 2011

Income Tax rates




INCOME TAX CALCULATOR/SLABS


CALCULATOR


http://www.finance.pushpi.com/income-tax-calculator-2011-12.htm

SLAB

Income tax slab for AY 11-12
New Income Tax Slabs for ay 11-12 for Resident Senior Citizens (FY 2010-11)
S. No.Income RangeTax percentage
1Up to Rs 2,40,000No tax / exempt
22,40,001 to 5,00,00010%
35,00,001 to 8,00,00020%
4Above 8,00,00030%
Income Tax Slabs for ay 11-12 for Resident Women (below 65 years) (FY 2010-11)
1Up to Rs 1,90,000No tax / exempt
21,90,001 to 5,00,00010%
35,00,001 to 8,00,0020%
4Above 8,00,00030%
New Income Tax Slabs for ay 11-12 Others & Men (FY 2010-11)
1Up to Rs 1,60,000No tax / exempt
21,60,001 to 5,00,00010%
35,00,001 to 8,00,00020%
4Above 8,00,00030%
 IN ADDITION 2% Educess cess+1% Secondary and Higher education cess(SHEC)=3%Total




New Income tax slab for AY 12-13
New Income Tax Slabs for ay 12-13 for Resident Senior Citizens above 60 years (FY 2011-12)
S. No.Income RangeTax percentage
1Up to Rs 2,50,000No tax / exempt
22,50,001 to 5,00,00010%
35,00,001 to 8,00,00020%
4Above 8,00,00030%
New Income Tax Slabs for ay 12-13 for Resident Senior Citizens above 80 years (FY 2011-12)
S. No.Income RangeTax percentage
1Up to Rs 5,00,000No tax / exempt
25,00,001 to 8,00,00020%
3Above 8,00,00030%
Income Tax Slabs for ay 12-13 for Resident Women (below 60 years) (FY 2011-12)
1Up to Rs 1,90,000No tax / exempt
21,90,001 to 5,00,00010%
35,00,001 to 8,00,000


No tax / exempt
21,80,001 to 5,00,00010%
35,00,001 to 8,00,00020%
4Above 8,00,00030%







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