INCOME TAX SLAB RATE FOR ASSESSMENT YEAR 2012 - 13 OR FINANCIAL YEAR 2011-12 (For Individual male, Age less than 60 Years)
Up to 180000 : Nil
180001-500000 : 10%
500001-800000 : 20%
800001 & above : 30%
Eg. 1) Income of assessment year 2012-13. Rs. 180000
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. 190000
Income-tax(Including surcharge,EC & SHEC) on Rs.1,000 is
Rs. 1,030.00
Surcharge Rs. 0.00 Education Cess Rs. 20.00 Secondary and Higher
Education Cess Rs. 10.00
Eg. 3) Income of assessment year 2012-13. Rs. 300000
Income-tax(Including surcharge,EC & SHEC) on Rs.12,000
is Rs. 12,360.00
Surcharge Rs. 0.00 Education Cess Rs. 240.00 Secondary and
Higher Education Cess Rs. 120.00
Eg. 4) Income of assessment year 2012-13. Rs. 500000
Income-tax(Including surcharge,EC & SHEC) on Rs.32,000
is Rs. 32,960.00
Surcharge Rs. 0.00 Education Cess Rs. 640.00 Secondary and
Higher Education Cess Rs. 320.00
Eg. 5) Income of assessment year 2012-13. Rs. 600000
Income-tax(Including surcharge,EC & SHEC) on Rs.52,000
is Rs. 53,560.00
Surcharge Rs. 0.00 Education Cess Rs. 1,040.00 Secondary and
Higher Education Cess Rs. 520.00
Eg. 6) Income of assessment year 2012-13. Rs. 900000
Income-tax(Including surcharge,EC & SHEC) on Rs.122,000
is Rs. 125,660.00
Surcharge Rs. 0.00 Education Cess Rs. 2,440.00 Secondary and Higher Education Cess Rs. 1,220.00
Surcharge Rs. 0.00 Education Cess Rs. 2,440.00 Secondary and Higher Education Cess Rs. 1,220.00
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