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income tax slab please give the income tax slab for the financial year 2012-13
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Note the slab of tax for various individual as under 1- Resident Women below 65 years Upto Rs 190000 Nil 190000 to 500000 10% 500000 to 800000 20% above 800000 30%
Hi steve,
Sorry to say that what you have interpreted that is for the financial year 2011-12.
In budget some changes made in the tax slab for the financial year 2012-13. Below i am mentioing that.
For male & female:
upto 2 lakhs nil
2 lakhs to 5 lakhs - 10%
5 lakhs to 10 lakhs - 20%
Above 10 lakhs - 30%
For senior citizen:
upto 2.5 lakhs nil
2.5 lakhs to 5 lakhs - 10%
5 lakhs to 10 lakhs - 20%
Above 10 lakhs - 30%
Thanks,
Sarita
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