Could someone please provide me with the TDS rate chart for the year 2012-2013? I have learned that in the upcoming financial year, there will be no TDS deduction for a salary up to 2 lakhs. However, I require more detailed information. I tried searching on Google but was unable to find it. Kindly assist me in obtaining the complete details.
Thank you.
Regards
From India, Mumbai
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15Thank you.
Regards
From India, Mumbai
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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%
From India, Mumbai
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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%
From India, Mumbai
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As per the general budget announcement by Union Finance Minister Pranav Mukherjee on March 16, 2012, people will receive some relief from the burden of paying tax on their income. The tax exemption limit has been increased from Rs 180,000 to Rs 200,000. This means that individuals whose income ranges between Rs 2-5 Lakhs will pay 10%, and those earning Rs 5-10 Lakhs will pay 20% as tax. Furthermore, individuals with an income exceeding Rs 10 Lakhs will need to pay 30% of their income as income tax.
For more details, please refer to the attachment.
Thanks & Best Regards,
Vikas Ranjan
From India, Bangalore
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For more details, please refer to the attachment.
Thanks & Best Regards,
Vikas Ranjan
From India, Bangalore
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hiiiiiiiiii.... I have made a bill of amount Rs 103000.00 for food parcel. so i want to know that how much tds percentage will deduct by client from my food bill.
From India, Mumbai
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From India, Mumbai
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TDS rate chart 2012-13.pdf