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Income Tax 2011-12 Slabs

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Income Tax 201-12 Slabs for different categories depending on Annual Income is given below

 

Men below 60 IT Rate
Up to Rs.1,80,000 Nil
Rs.1,80,001 – Rs.5,00,000 10%
Rs.5,00,001 – Rs.8,00,000 20%
Rs.8,00,001 upwards 30%
Women below 60 IT Rate
Up to Rs.1,90,000 Nil
Rs.1,90,001 – Rs.5,00,000 10%
Rs.5,00,001 – Rs.8,00,000 20%
Rs.8,00,001 upwards 30%
Sr. Citizen (60-79 yrs) IT Rate
Up to Rs.2,50,000 Nil
Rs.2,50,001 – Rs.5,00,000 10%
Rs.5,00,001 – Rs.8,00,000 20%
Rs.8,00,001 upwards 30%
Very Sr. Citizen (80 yrs & above) IT Rate
Up to Rs.5,00,000 Nil
Rs.5,00,001 – Rs.8,00,000 20%
Rs.8,00,001 upwards 30%

  

A deduction of an additional amount of Rs.20,000 for investment in long term infrastructure bonds as notified by the Central Government. This would be over and above the existing limit of Rs.1 lakh on tax savings under 80C.

 

 

 See also:

Union Budget 2011-12 highlights

Budget features for employees

 

Comments

Tax slabs of 2013-14 has

Tax slabs of 2013-14 has changed i guess. I found this tool online when searching for income tax calculator, it's very useful.

Income Tax Calculator

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