Thursday, November 24, 2011

INCOME TAX SLAB RATE FOR ASSESSMENT YEAR 2012 - 13 OR FINANCIAL YEAR 2011-12 (Domestic Company)

Income-tax: 30% of total income.

Eg. 1)  Income of assessment year 2012-13. Rs. 1000
 
Income-tax(Including surcharge,EC & SHEC) on Rs. 1,000 is Rs. 300.00 
Surcharge Rs. 0.00 Education Cess Rs. 6.00 Secondary and Higher Education Cess Rs. 3.00


Eg. 2)  Income of assessment year 2012-13. Rs. 19000

Income-tax(Including surcharge,EC & SHEC) on Rs. 190,000 is Rs. 57,000.00 
Surcharge Rs. 0.00 Education Cess Rs. 1,140.00 Secondary and Higher Education Cess Rs. 570.00

Eg. 3)  Income of assessment year 2012-13. Rs. 300000
 
Income-tax(Including surcharge,EC & SHEC) on Rs. 300,000 is Rs. 90,000.00 
Surcharge Rs. 0.00 Education Cess Rs. 1,800.00 Secondary and Higher Education Cess Rs. 900.00

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