Income Tax Slabs for the Year 2012-2013
The tax exemption limit has been raised to Rs 2 lakhs, and tax rates have changed for other slabs as well. Below are the latest income tax slabs for the year 2012-2013 based on the budget presented on 16 March 2012.
India Income Tax Slabs 2012-2013 for General Taxpayers
- Income tax slab (in Rs.) Tax
- 0 to 2,00,000: No tax
- 2,00,001 to 5,00,000: 10%
- 5,00,001 to 10,00,000: 20%
- Above 10,00,000: 30%
India Income Tax Slabs 2012-2013 for Female Taxpayers
- Income tax slab (in Rs.) Tax
- 0 to 2,00,000: No tax
- 2,00,001 to 5,00,000: 10%
- 5,00,001 to 10,00,000: 20%
- Above 10,00,000: 30%
India Income Tax Slabs 2012-2013 for Senior Citizens (Aged 60 years but less than 80 years)
- Income tax slab (in Rs.) Tax
- 0 to 2,50,000: No tax
- 2,50,001 to 5,00,000: 10%
- 5,00,001 to 10,00,000: 20%
- Above 10,00,000: 30%
India Income Tax Slabs 2012-2013 for Very Senior Citizens (Aged 80 and above)
- Income tax slab (in Rs.) Tax
- 0 to 5,00,000: No tax
- 5,00,001 to 10,00,000: 20%
- Above 10,00,000: 30%