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Income Tax Slabs for Financial Year 2012-13

By: DoYouKnow.IN | Views: 13347 | Date: 16-Mar-2012

Detailed table of new income tax slabs proposed by Finance Minister Pranab Mukherjee in the Budget for 2012-13, and the likely savings.

Following is the table of new income tax slabs proposed by Finance Minister Pranab Mukherjee in the Budget for 2012-13, and the likely savings.

Income Tax Slab 2012

Tax Slabs and Saving for Individual Tax Payers - Year 2012-13

Income

Tax rate

Savings

Up to Rs2,00,000NILRs2,060
Rs2,00,001 to Rs5,00,00010%Rs2,060
Rs5,00,001 to Rs10,00,00020%Rs2,060
Rs10,00,001 and above30%Rs22,660

Tax Slabs and Saving For Women Year 2012-13

Income

Tax rate

Savings

Up to Rs2,00,000NILRs1,030
Rs 2,00,001 to Rs5,00,00010%Rs1,030
Rs5,00,001 to Rs10,00,00020%Rs1,030
Rs10,00,001 and above30%Rs21,630

For Senior Citizens of 60 years but less than 80 years Tax Slabs and Savings - Year 2012-13

Income

Tax rate

Savings

Up to Rs2,50,000NILNIL
Rs 2,50,001 to Rs5,00,00010%NIL
Rs5,00,001 to Rs10,00,00020%NIL
Rs10,00,001 and above30%Rs20,599

Very Senior Citizens of 80 Years and above Tax Slabs and Saving - Year 2012-13

Income

Tax rate

Savings

Up to Rs5,00,000NILNIL
Rs5,00,001 to Rs10,00,00020%NIL
Rs10,00,001 and above30%Rs20,599


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Comments
Gayathri  |  17-Mar-2012 10:58:50 IST
Very sad, no special exemption for women, who are the makers of future citizens.
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