Income Tax Rates / Income Tax Slabs for AY 2012-13
Individuals and HUFs
In case of individual
(other than II, III and IV below) and HUF :-
S.No
|
Income
Level / Slabs
|
Income
Tax Rate
|
i.
|
Where the total income does not exceed Rs. 1,80,000/-
|
NIL
|
ii.
|
Where the total income exceeds Rs. 1,80,000/- , but does not
exceed Rs. 5,00,000/-.
|
10% of amount by which the total income exceeds Rs. 1,80,000/-
|
iii.
|
Where the total income exceeds Rs. 5,00,000/- , but does not
exceed Rs. 8,00,000/-
|
Rs. 32,000/- + 20% of the amount by which the total income
exceeds Rs. 5,00,000/-.
|
iv.
|
Where the total income exceeds Rs. 8,00,000/-.
|
Rs. 92,000/- + 30% of the amount by which the total income
exceeds Rs. 8,00,000/-.
|
Education Cess : 3% of
the Income-Tax.
II. In case of individual
being a woman resident in India and below the age of 60 years at any time
during the previous year :-
S.No
|
Income
Level / Slabs
|
Income
Tax Rate
|
i.
|
Where the total income does not exceed Rs. 1,90,000/-.
|
NIL
|
ii.
|
Where total income exceeds Rs. 1,90,000/- , but does not
exceed Rs. 5,00,000/-.
|
10% of the amount by which the total income exceeds Rs.
1,90,000/-.
|
iii.
|
Where the total income exceeds Rs. 5,00,000/- , but does not
exceed Rs. 8,00,000/-.
|
Rs. 31,000- + 20% of the amount by which the total income
exceeds Rs. 5,00,000/-.
|
iv.
|
Where the total income exceeds Rs. 8,00,000/-.
|
Rs. 91,000/- + 30% of the amount by which the total income
exceeds Rs. 8,00,000/-.
|
Education Cess : 3% of
the Income-Tax.
III. In case of an
individual resident who is of the age of 60 years or more but below the age of
80 years at any time during the previous year :-
S.No
|
Income
Level / Slabs
|
Income
Tax Rate
|
i.
|
Where the total income does not exceed Rs. 2,50,000/-.
|
NIL
|
ii.
|
Where the total income exceeds Rs. 2,50,000/- , but does not
exceed Rs. 5,00,000/-.
|
10% of the amount by which the total income exceeds Rs.
2,50,000/-.
|
iii.
|
Where the total income exceeds Rs. 5,00,000/- , but does not
exceed Rs. 8,00,000/-.
|
Rs. 25,000/- + 20% of the amount by which the total income
exceeds Rs. 5,00,000/-.
|
iv.
|
Where the total income exceeds Rs. 8,00,000/-.
|
Rs. 85,000/- + 30% of the amount by which the total income
exceeds Rs. 8,00,000/-.
|
Education Cess : 3% of
the Income-Tax.
IV. In case of an
individual resident who is of the age of 80 years or more at any time during
the previous year :-
S.No
|
Income
Level / Slabs
|
Income
Tax Rate
|
i.
|
Where the total income does not exceed Rs. 5,00,000/-.
|
NIL
|
ii.
|
Where the total income exceeds Rs. 5,00,000/- , but does not
exceed Rs. 8,00,000/-.
|
20% of the amount by which the total income exceeds Rs.
5,00,000/-.
|
iv.
|
Where the total income exceeds Rs. 8,00,000/-.
|
Rs. 60,000/- + 30% of the amount by which the total income
exceeds Rs. 8,00,000/-.
|
Education Cess : 3% of
the Income-tax.
B.
Association of Persons (AOP) and Body of Individuals (BOI)
i. Income-Tax :
S.No
|
Income
Level / Slabs
|
Income
Tax Rate
|
i.
|
Where the total income does not exceed Rs. 1,80,000/-.
|
NIL
|
ii.
|
Where the total income exceeds Rs. 1,80,000/- , but does not
exceed Rs. 5,00,000/-.
|
10% of amount by which the total income exceeds Rs.
1,80,000/-.
|
iii.
|
Where the total income exceeds Rs. 5,00,000/- ,
but does not exceed Rs. 8,00,000/-. |
Rs. 32,000/- + 20% of the amount by which the total income
exceeds Rs. 5,00,000/-.
|
iv.
|
Where the total income exceeds Rs. 8,00,000/-.
|
Rs. 92,000/- + 30% of the amount by which the total income
exceeds Rs. 8,00,000/-.
|
ii. Education Cess: 3% of
the Income-tax.
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