Wednesday, March 2, 2011

Income Tax Slab for 2011-12

New Income Tax Slab for 2011-12

New Income Slab for Individual

Income Slab

Tax

Income Slab

Income upto Rs 1,80,000

Nil

Income upto Rs 1,60,000

Income from Rs 1,80,001 to 5,00,000

10 %

Income from Rs 1,60,001 to 5,00,000

Income from Rs 5,00,001 to 8,00,000

20 %

Income from Rs 5,00,001 to 8,00,000

Income above 8,00,000

30 %

Income above Rs 8,00,000

New Income Slab for Women

Income Slab

Tax

Income Slab

Income upto Rs 1,90,000

Nil

Income upto Rs 1,90,000

Income from Rs 1,90,001 to 5,00,000

10 %

Income from Rs 1,90,001 to 5,00,000

Income from Rs 5,00,001 to 8,00,000

20 %

Income from Rs 5,00,001 to 8,00,000

Income above 8,00,000

30 %

Income above Rs 8,00,000

New Income Slab for Senior Citizen(60 to 80 Years)

Income Slab

Tax

Income Slab

Income upto Rs 2,50,000

Nil

Income upto Rs 2,50,000

Income from Rs 2,50,001 to 5,00,000

10 %

Income from Rs 2,50,001 to 5,00,000

Income from Rs 5,00,001 to 8,00,000

20 %

Income from Rs 5,00,001 to 8,00,000

Income above 8,00,000

30 %

Income above Rs 8,00,000

New Income Slab for Senior Citizen(above 80 years)

Income Slab

Tax

Income Slab

Income upto Rs 5,00,000

Nil

-

Income from Rs 5,00,001 to 8,00,000

20 %

-

Income above Rs.8,00,000

30 %

-


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