Income Tax Rates: AY 2012-13 (FY 2011-12)

Personal Income Tax Rates

Income Tax Rates given below pertains to past period. Please click here for the latest Income Tax Rates.

Income Tax Rates applicable for Individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of Individuals (BOI) in India is as under:

Assessment Year 2012-13, Relevant to Financial Year 2011-12

For Individuals below 60 years age, other than Woman Assessees:

Income
Tax Rate
Upto 180,000
Nil
180,000 to 500,000
10% of the amount exceeding 180,000
500,000 to 800,000
Rs.32,000 + 20% of the amount exceeding 500,000
800,000 & above
Rs.92,000 + 30% of the amount exceeding 800,000

For Woman Assessees below 60 years:

Income
Tax Rate
Upto 190,000
Nil
190,000 to 500,000
10% of the amount exceeding 190,000
500,000 to 800,000
Rs.31,000 + 20% of the amount exceeding 500,000
800,000 & above
Rs.91,000 + 30% of the amount exceeding 800,000

For Individuals aged 60 years and above but below 80 years (Senior Citizen):

Income
Tax Rate
Upto 250,000
Nil
250,000 to 500,000
10% of the amount exceeding 250,000
500,000 to 800,000
Rs.25,000 + 20% of the amount exceeding 500,000
800,000 & above
Rs.85,000 + 30% of the amount exceeding 800,000

For Individuals aged 80 years and above (Very Senior Citizen):

Income
Tax Rate
Upto 500,000
Nil
500,000 to 800,000
20% of the amount exceeding 500,000
800,000 & above
Rs.60,000 + 30% of the amount exceeding 800,000

Surcharge on Income Tax: Nil

Education Cess: 3% of Income Tax plus Surcharge

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