Tuesday, February 1, 2011

INCOME TAX RATES CHART AY 2012-13 AY 2011-12 =10-11=09-10=08-09=07-08=06-07


on Tuesday, February 1, 2011

Income tax rate chart /slabs for Assessment year 2011-12 and earlier years has been given chart form as under in respect of Individual , HUF(hindu undivided Family) ,BOI(body of individuals) .Rates of Income tax for companies ,Firms ,Limited partnership firm and all other assesses for Financial year 2010-11 is also given in the charts .Further rates of STT(securities transaction tax ) ay 2011-12 is also provided in the chart.So download The charts for Link given below or you can read the same online as shown below


ASSESSMENT YEAR 2012-2013
RELEVANT TO FINANCIAL YEAR 2011-2012



I TAX RATES FOR INDIVIDUALS  OTHER THAN II, III & IV BELOW
Upto 1,80,000                         - Nil
1,80,000 to 5,00,000               - 10% of the amount exceeding 1,80,000
5,00,000 to 8,00,000               - Rs.32,000 + 20% of the amount exceeding 5,00,000
 
8,00,000 & above                    - Rs.92,000 + 30% of the amount exceeding 8,00,000


II TAX RATES FOR RESIDENT WOMEN BELOW 60 YEARS
Upto 1,90,000                         - Nil
1,90,000 to 5,00,000               - 10% of the amount exceeding 1,90,000
5,00,000 to 8,00,000               - Rs.31,000 + 20% of the amount exceeding 5,00,000
8,00,000 & above                    - Rs.91,000 + 30% of the amount exceeding 8,00,000


III TAX RATES FOR INDIVIDUAL RESIDENTS  AGED 60 YRS AND ABOVE & BELOW 80 YEARS (SENIOR CITIZEN)
Upto 2,50,000                         - Nil
2,50,000 to 5,00,000               - 10% of the amount exceeding 2,50,000
5,00,000 to 8,00,000               - Rs.25,000 + 20% of the amount exceeding 5,00,000
8,00,000 & above                    - Rs.85,000 + 30% of the amount exceeding 8,00,000


IV TAX RATES FOR INDIVIDUAL RESIDENTS  AGED 80 YRS AND ABOVE  (VERY SENIOR CITIZEN)
Upto 5,00,000                         - Nil
5,00,000 to 8,00,000               - 20% of the amount exceeding 5,00,000
8,00,000 & above                    - Rs.60,000 + 30% of the amount exceeding 8,00,000
There is no surcharge in the case of every individual, Hindu undivided family, Association of persons and body of individuals.


EDUCATION CESS
The amount of Income-tax shall be increased by Education Cess of  3% on Income-tax.


Tax calculator simple for financial year 2011-12 assessment year 12-13 is available here

Income Tax Rates for Financial Year 2011-12 (assessment year 12-13) is available here

INCOME TAX RATES FOR AY  2006-07 TO AY 2011-12 FOR INDIVIDUAL ,HUF ,BOI,AOP
                                                      www.itaxindia.org


Assessment  year
Rate
Resident woman
Resident Sr citizen
General/others
Nil
Up to 190000
Up to 240000
Up to 160000
10%
190000-500000
240000-500000
160000-500000
20%
500000-800000
500000-800000
500000-800000
30%
Above 800000
Above 800000
Above 800000
Surcharge: NIL
Cess: 3% on Income Tax (2 % education cess ,1% Higher secondary cess)
Nil
Up to 190000
Up to 240000
Up to 160000
10%
190000-300000
240000-300000
160000-300000
20%
300000-500000
300000-500000
300000-500000
30%
Above 500000
Above 500000
Above 500000
Surcharge: NIL
Cess: 3% on Income Tax (2 % education cess ,1% Higher secondary cess)
Nil
Up to 180000
Up to 225000
Up to 150000
10%
180000-300000
225000-300000
150000-300000
20%
300000-500000
300000-500000
300000-500000
30%
Above 500000
Above 500000
Above 500000
Surcharge: 10 % on Income Tax if income Exceeding Rs 10,00,000
Cess: 3% on Income Tax & surcharge (2 % education cess ,1% Higher secondary cess)
Nil
Up to 145000
Up to 195000
Up to 110000
10%
145000-300000
195000-300000
110000-300000
20%
300000-500000
300000-500000
300000-500000
30%
Above 500000
Above 500000
Above 500000
Surcharge: 10 % on Income Tax if income Exceeding Rs 10,00,000
Cess: 3% on Income Tax & surcharge (2 % education cess ,1% Higher secondary cess)
2006-07 and
Nil
Up to 135000
Up to 185000
Up to 100000
10%
135000-300000
185000-300000
100000-300000
20%
300000-500000
300000-500000
300000-500000
30%
Above 500000
Above 500000
Above 500000
Surcharge: 10 % on Income Tax if income Exceeding Rs 10,00,000
Cess: 2% on Income Tax & surcharge (2 % education cess )

Download Income tax rates /slab for Individual/HUF/BO AY 2006-07 to AY  2011-12

Income Tax Rates for Financial Year 2011-12 (assessment year 12-13) is available here

Tags:INCOME TAX RATES CHART AY 2011-12 INCOME TAX RATES CHART AY 2010-11 INCOME TAX RATES CHART AY 2009-10 INCOME TAX RATES CHART AY 08-09 INCOME TAX RATES CHART AY 2007-08 INCOME TAX RATES CHART AY 2006-07 ,TAX RATES FOR INDIVIDUALS ,TAX RATE FOR HUF ,TAX RATES FOR BOI, TAX RATES FOR COMPANIES,

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  1. i received three years salary arrears of my diseased husband now. how to calculate tax. is their any rebate

    ReplyDelete
  2. if taxpayer give donation to outside organization how much % deduction given to him

    ReplyDelete
  3. i have retired from a nationlised bank in sept 2011 and drawing pension afterwards. i have reached 60 years on 16.09.2011. how to calculate the tax / for both period (ie) before 60yrs and after 60yrs. am i eligible for tax exemption as senior citizen
    srivatsan

    ReplyDelete
    Replies
    1. Dear Vatsan

      to qualify as senior citizen last date of financial year to be checked ,means if a person is 60 years of age on 31.03.2012 then he can claim benefit of senior citizen for financial year 2011-12. In your case you are senior citizen on 16.09.2011 so you can claim senior citizen exemption limit for full year FY 2011-12

      Delete
  4. This comment has been removed by a blog administrator.

    ReplyDelete
  5. my friend have recieved 1000us$.as freelancer throuh paypal. so would be tax % on this foregin income...if he receives 20000us$ in this current year so what would be the tax..%of this total foregin income
    or in rupees

    ReplyDelete
    Replies
    1. normal tax slab rate is applicable .$20000 means 10 lakh .if non deduction is availed then 130000 plus cess 3900 is payable as tax

      Delete
  6. Slab Rates for the assessment year 2006-07 to 2008-09 are wrongs.

    ReplyDelete
  7. good details .. :)

    Income tax rate / slab for AY 2013-14. (Financial Year 2012-13)

    http://www.incometaxforindividual.blogspot.in/search/label/IncomeTaxRate

    ReplyDelete
  8. Very informative and very well represented. I am happy to find these all the information. Keep it up.......!

    ReplyDelete
  9. Good information share by you.
    Thanks keep it up

    ReplyDelete
  10. Very informative thanks for sharing

    ReplyDelete
  11. I rtrd from rlwy on30/04/2011 and tds by rlwys onmay2011 deposited rs 1000000(dcrg+pf+commuted value)and Iam above 60 yrs age pls tellme howto calculate the tax

    ReplyDelete