INCOME TAX SLABS FROM 2000-01 TO 2012-13

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February 20, 2012 | GENERAL REPORTS/TOPICS | Post by: admin

Income Tax Slab for Financial Year 2012-13

Assessment Year 2013-14

 

Tax

Man

Women

Senior Citizen

 

Rate

(In Rupees)

(In Rupees)

(In Rupees)

1

0.00%

Upto 2,00,000

Upto 2,00,000

Upto 2,50,000

2

10.00%

2,00,001 to 5,00,000

2,00,001 to 5,00,000

2,50,001 to 5,00,000

3

20.00%

5,00,001 to 10,00,000

5,00,001 to 10,00,000

5,00,001 to 10,00,000

4

30.00%

Above 10,00,000

Above 10,00,000

Above 10,00,000

Note :- 1) Surcharge is Nil and 3% Cess will be charged on Above Tax

2) Age of Senior Citizen is = 65 Years

3) Corporate Tax will be 30% and surcharge and cess will be Nil.

4) Benefit of Rs. 1.50 Lakh for Interest on Housing Loan will be continued

Above Tax Slab will be applicable w.e.f. 01.04.2012.IT IS THE PROBABLE INCOME TAX SLAB.

Income Tax Slab for Financial Year 2011-12

Assessment Year 2012-13

 

Tax

Man

Women

Senior Citizen

Senior Citizen

 

 

 

 

Age =>60 and < 80

Age => 80

 

Rate

(In Rupees)

(In Rupees)

(In Rupees)

(In Rupees)

1

0.00%

Upto 1,80,000

Upto 1,90,000

Upto 2,50,000

Upto 5,00,000

2

10.00%

1,80,001 to 5,00,000

1,90,001 to 5,00,000

2,50,001 to 5,00,000

 

3

20.00%

5,00,001 to 8,00,000

5,00,001 to 8,00,000

5,00,001 to 8,00,000

5,00,001 to 8,00,000

4

30.00%

Above 8,00,000

Above 8,00,000

Above 8,00,000

Above 8,00,000

Income Tax Slab for Financial Year 2011-12

Assessment Year 2012-13

Note :- 1) Surcharge is Nil and 3% Cess will be charged on Above Tax

2) Age of Senior Citizen is = 60 Years

Income Tax Rates/Slabs for A.Y. (2011-12)

Slab (Rs.)

Tax (Rs.)

less than 1,60,000

Nil

1,60,000 to 5,00,000

(TI – 1,60,000) * 10%

5,00,000 to 8,00,000

34,000 + (TI – 5,00,000) * 20%

Greater than 8,00,000

94,000 + (TI – 8,00,000) * 30%

Women aged 65 years or less

Slab (Rs.)

Tax (Rs.)

less than 1,90,000

Nil

1,90,000 to 5,00,000

(TI – 1,90,000) * 10%

5,00,000 to 8,00,000

31,000 + (TI – 5,00,000) * 20%

Greater than 8,00,000

91,000 + (TI – 8,00,000) * 30%

Senior Citizens (Individuals aged above 65 years)

Slab (Rs.)

Tax (Rs.)

less than 2,40,000

Nil

2,40,000 to 5,00,000

(TI – 2,40,000) * 10%

5,00,000 to 8,00,000

26,000 + (TI – 5,00,000) * 20%

Greater than 8,00,000

86,000 + (TI – 8,00,000) * 30%

Income Tax Rates/Slabs for A.Y. (2010-11)

Slab (Rs.)

Tax (Rs.)

less than 1,60,000

Nil

1,60,000 to 3,00,000

(TI – 1,60,000) * 10%

3,00,000 to 5,00,000

14,000 + (TI – 3,00,000) * 20%

Greater than 5,00,000

54,000 + (TI – 5,00,000) * 30%

Women aged 65 years or less

Slab (Rs.)

Tax (Rs.)

less than 1,90,000

Nil

1,90,000 to 3,00,000

(TI – 1,90,000) * 10%

3,00,000 to 5,00,000

11,000 + (TI – 3,00,000) * 20%

Greater than 5,00,000

51,000 + (TI – 5,00,000) * 30%

Senior Citizens (Individuals aged above 65 years)

Slab (Rs.)

Tax (Rs.)

less than 2,40,000

Nil

2,40,000 to 3,00,000

(TI – 2,40,000) * 10%

3,00,000 to 5,00,000

6,000 + (TI – 3,00,000) * 20%

Greater than 5,00,000

46,000 + (TI – 5,00,000) * 30%

Income Tax Rates/Slabs for A.Y. (2009-10)

Slab (Rs.)

Tax (Rs.)

less than 1,50,000

Nil

1,50,000 to 3,00,000

(TI – 1,50,000) * 10%

3,00,000 to 5,00,000

15,000 + (TI – 3,00,000) * 20%

Greater than 5,00,000

55,000 + (TI – 5,00,000) * 30%

Women aged 65 years or less

Slab (Rs.)

Tax (Rs.)

less than 1,80,000

Nil

1,80,000 to 3,00,000

(TI – 1,80,000) * 10%

3,00,000 to 5,00,000

12,000 + (TI – 3,00,000) * 20%

Greater than 5,00,000

52,000 + (TI – 5,00,000) * 30%

Senior Citizens (Individuals aged above 65 years)

Slab (Rs.)

Tax (Rs.)

less than 2,25,000

Nil

2,25,000 to 3,00,000

(TI – 2,25,000) * 10%

3,00,000 to 5,00,000

7,500 + (TI – 3,00,000) * 20%

Greater than 5,00,000

47,500 + (TI – 5,00,000) * 30%

Income Tax Rates/Slabs for A.Y. (2008-09)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax

(if TI > Rs. 10 Lakhs)

less than 1,10,000

Nil

Nil

1,10,000 to 1,50,000

(TI – 1,10,000) * 10%

10%

1,50,000 to 2,50,000

4,000 + (TI – 1,50,000) * 20%

10%

Greater than 2,50,000

24,000 + (TI – 2,50,000) * 30%

10%

Women aged 65 years or less

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax (if

TI > Rs. 10 Lakhs) (Rs.)

less than 1,45,000

Nil

Nil

1,45,000 to 1,50,000

(TI – 1,45,000) * 10%

10%

1,50,000 to 2,50,000

500 + (TI – 1,50,000) * 20%

10%

Greater than 2,50,000

20,500 + (TI – 2,50,000) * 30%

10%

Senior Citizens (Individuals aged above 65 years)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax (if

TI > Rs. 10 Lakhs) (Rs.)

less than 1,95,000

Nil

Nil

1,95,000 to 2,50,000

(TI – 1,95,000) * 20%

10%

Greater than 2,50,000

11,000 + (TI – 2,50,000) * 30%

10%

Education Cess has to be added on Income-tax and Surcharge  @ 2% from AY 2004-05 and 3% from AY 2007-08

Income Tax Rates/Slabs for A.Y. (2006-07 & 2007-08)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax

(if TI > Rs. 10 Lakhs)

less than 1,00,000

Nil

Nil

1,00,000 to 1,50,000

(TI – 1,00,000) * 10%

10%

1,50,000 to 2,50,000

5,000 + (TI – 1,50,000) * 20%

10%

Greater than 2,50,000

25,000 + (TI – 2,50,000) * 30%

10%

Women aged 65 years or less

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax (if

TI > Rs. 10 Lakhs) (Rs.)

less than 1,35,000

Nil

Nil

1,35,000 to 1,50,000

(TI – 1,35,000) * 10%

10%

1,50,000 to 2,50,000

1,500 + (TI – 1,50,000) * 20%

10%

Greater than 2,50,000

21,500 + (TI – 2,50,000) * 30%

10%

Senior Citizens (Individuals aged above 65 years)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax (if

TI > Rs. 10 Lakhs) (Rs.)

less than 1,85,000

Nil

Nil

1,85,000 to 2,50,000

(TI – 1,85,000) * 20%

10%

Greater than 2,50,000

13,000 + (TI – 2,50,000) * 30%

10%

Income Tax Rates/Slabs for A.Y. (2004-05 & 2005-06)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax

(If TI > Rs.8.50 Lakhs) (Rs.)

less than 50,000

Nil

Nil

50,000 to 60,000

(TI – 50,000) * 10%

10%

60,000 to 1,50,000

1,000 + (TI – 60,000) * 20%

10%

Greater than 1,50,000

19,000 + (TI – 1,50,000) * 30%

10%

Income Tax Rates/Slabs for A.Y. (2003-04)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax

(If TI > Rs. 60,000) (Rs.)

Less than 50,000

Nil

Nil

50,000 to 60,000

(TI – 50,000) * 10%

5%

60,000 to 1,50,000

1,000 + (TI – 60,000) * 20%

5%

Greater than 1,50,000

19,000 + (TI – 1,50,000) * 30%

5%

Income Tax Rates/Slabs for A.Y. (2002-03)

Slab (Rs.)

Tax (Rs.)

Surcharge on Income Tax

(If TI > Rs. 60,000)

Less than 50,000

Nil

Nil

50,000 to 60,000

(TI – 50,000) * 10%

2%

60,000 to 1,50,000

1,000 + (TI – 60,000) * 20%

2%

Greater than 1,50,000

19,000 + (TI – 1,50,000) * 30%

2%

Income Tax Rates/Slabs for A.Y. (2001-02)

Slab (Rs.)

Tax (Rs.)

Surcharge

TI > 60,000

Surcharge

TI > 1,50,000

Less than 50,000

Nil

Nil

Nil

50,000 to 60,000

(TI – 50,000) * 10%

12%

17%

60,000 to 1,50,000

1,000 + (TI – 60,000) * 20%

12%

17%

Greater than 1,50,000

19,000 + (TI – 1,50,000) * 30%

12%

17%

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