Income Tax Rate Chart FY 2012-13

 Income Tax Rate Chart FY 2012-13  Income Tax Rate Chart, Income Tax Rate Chart FY 2012-2013
Aug 272012
 

INCOME TAX RATE CHART FY 2012-2013 

A. Normal Rates of tax:

1. The Total Income is less than Rs. 2,00,000/-. Nil
2.  The Total Income is between Rs. 2,00,000/- and Rs. 5,00,000/- 10 per cent of the amount by which the total income exceeds Rs.2,00,000/-
3.  The Total Income is between Rs. 5,00,000/- and Rs. 10,00,000/-. Rs. 30,000/- plus 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-.
     4.The Total Income exceeds Rs. 10,00,000/-. Rs. 130,000/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-.

B. Rates of tax for a woman, resident in India and below sixty years of age at any time during the financial year:

1. The Total Income is less than Rs.2,00,000/-. Nil
2.  The Total Income is between Rs. 2,00,000/- and Rs. 5,00,000/- 10 per cent, of the amount by which the total income exceeds Rs. 2,00,000/-
3.  The Total Income is between Rs. 5,00,000/- and Rs. 10,00,000/- Rs. 30,000/- plus 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-.
       4.The Total Income exceeds Rs. 10,00,000/-. Rs. 130,000/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-.

C. Rates of tax for an individual, resident in India and of the age of sixty years or more but less than eighty years at any time during the financial year:

1. The Total Income is less than Rs.2,50,000/-. Nil
2.  The Total Income is between Rs. 2,50,000/- and Rs. 5,00,000/- 10 per cent, of the amount by which the total income exceeds Rs. 2,50,000/-
3.  The Total Income is between Rs. 5,00,000/- and Rs. 10,00,000/- Rs. 25,000/- plus 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-.
       4.The Total Income exceeds Rs. 10,00,000/-. Rs. 125,000/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-.

D. In case of every individual being a resident in India, who is of the age of eighty years or more at any time during the financial year:

1.  The Total Income is less than Rs.5,00,000/-. Nil
 2.  The Total Income is between Rs. 5,00,000/- and Rs. 10,00,000/- 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-
       3.The Total Income exceeds Rs.10,00,000/- Rs. 1,00,000/- plus 30 per cent of the amount by which the total income exceeds Rs.10,00,000/-