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.
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Comments
Dear sir iam a apprentics
Dear sir iam a apprentics fitter in chittorgarh . i want to change my department but my traininig is not completed yet. What is the procedure to change the department.
Respected sir, Myself Ravi
Respected sir, Myself Ravi Kant Traffic Apprentice. I want to new Board letter request transfer of date 07.01.2011.sir kindly attache origional copy
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