Thursday, November 24, 2011

INCOME TAX SLAB RATE FOR ASSESSMENT YEAR 2012 - 13 OR FINANCIAL YEAR 2011-12 (For Individual female, Age less 60 years)

Up to 190000 :    Nil
190001-500000 : 10%
500001-800000 : 20%
800001 & above : 30%

Eg. 1)  Income of assessment year 2012-13. Rs. 190000
 
Income-tax(Including surcharge,EC & SHEC) on Rs. 0 is Rs. 0.00 
Surcharge Rs. 0.00 Education Cess Rs. 0.00 Secondary and Higher Education Cess Rs. 0.00

Eg. 2)  Income of assessment year 2012-13. Rs. 490000
 
Income-tax(Including surcharge,EC & SHEC) on Rs.30,000 is Rs. 30,900.00 
Surcharge Rs. 0.00 Education Cess Rs. 600.00 Secondary and Higher Education Cess Rs. 300.00

Eg. 3)  Income of assessment year 2012-13. Rs. 700000

Income-tax(Including surcharge,EC & SHEC) on Rs.71,000 is Rs. 73,130.00 
Surcharge Rs. 0.00 Education Cess Rs. 1,420.00 Secondary and Higher Education Cess Rs. 710.00
 
Eg. 4)  Income of assessment year 2012-13. Rs. 900000
 
Income-tax(Including surcharge,EC & SHEC) on Rs.121,000 is Rs. 124,630.00 
Surcharge Rs. 0.00 Education Cess Rs. 2,420.00 Secondary and Higher Education Cess Rs. 1,210.00

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