INCOME TAX SLAB RATE FOR ASSESSMENT YEAR 2012 - 13 or FINANCIAL YEAR 2011-12 ( For Individual ,Age more than 80 Years ( Super Citizen ) )
Up to 500000 : Nil
500001-800000 : 20%
800001 & above : 30%
Eg. 1) Income of assessment year 2012-13. Rs. 500000
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. 700000
Income-tax(Including surcharge,EC & SHEC) on Rs.40,000
is Rs. 41,200.00
Surcharge Rs. 0.00 Education Cess Rs. 800.00 Secondary and Higher Education Cess Rs. 400.00
Surcharge Rs. 0.00 Education Cess Rs. 800.00 Secondary and Higher Education Cess Rs. 400.00
Eg. 3) Income of assessment year 2012-13. Rs. 900000
Income-tax(Including surcharge,EC & SHEC) on Rs.90,000
is Rs. 92,700.00
Surcharge Rs. 0.00 Education Cess Rs. 1,800.00 Secondary and Higher Education Cess Rs. 900.00
Surcharge Rs. 0.00 Education Cess Rs. 1,800.00 Secondary and Higher Education Cess Rs. 900.00
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