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Tax slabs

nitin suvarna (C.A FINAL) (828 Points)

17 March 2012

could anyone clarify the rates for women in the budget presented for f.y 12-13 ,is it the same or with any change??

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12 Replies

CA R N Mohil (chartered accountants) (469 Points)
Replied 17 March 2012

The Incom tax Exemption Limit for Individual (Female) have been increased to Rs. 2,00,000/-

1 Like

Mihir Doshi (B.Com, CA, CS, LLB) (2187 Points)
Replied 17 March 2012

This time there is no gender discrimination in budget as far as Individual Taxation Exemption limit concerned. Taxes are same for both Male and Female.

Thanks

Mihir Doshi

1 Like

Suresh Prasad (www.aubsp.com) (15630 Points)
Replied 17 March 2012

Individual: Both Male and Female

Income tax exemption limit raised from Rs.1,80,000 to Rs.2,00,000; upper limit of 20 per cent tax slab raised from Rs.8 lakh to Rs.10 lakh.

1 Like

nitin suvarna (C.A FINAL) (828 Points)
Replied 18 March 2012

thx for ur replies

Ankit (CA Final) (75 Points)
Replied 18 March 2012

tax slabs for male & females except senior citizen is Rs. 2,00,000/- and for senior citizen it is 2,50,000/- as per union budget 2012-2013

Valerian Dsouza (Manager Audit & Taxation) (405 Points)
Replied 19 March 2012

Normal Rates of tax for resident, Man & Woman and below the age of 60, during financial

Year 2012-13

1. Where the total income does not exceed Rs. 2,00,000/-.	Nil
2. Where the total income exceeds Rs. 2,00,000 but does not exceed Rs. 5,00,000/-	10 per cent of the amount by which total income exceeds Rs.2,00,000/-
3. Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.	Rs. 30,000/- plus 20 per cent of amount by which total income exceeds Rs. 5,00,000/-.
4. Where the total income exceeds Rs. 10,00,000/-.	Rs. 130,000/- plus 30 per cent of amount by which the total income exceeds Rs. 10,00,000/-.

1 Like

shwetha (CWA learner) (447 Points)
Replied 20 March 2012

Slab rates:

Individuals: For Male & Female

Up to 2L - Nill

From 2L to 5 L - 10%

From 5L to 10L - 20%

Above 10L - 30%

Senior Citizens: (60-80 yrs)

Up to 2.5L - Nil

From 2.5 L - 5L - 10%

From 5L - 10L - 20%

Above 10L - 30%

Very senior citizens (Above 80 yrs)

Up to 5L - Nil

From 5L - 10L - 20%

Above 10L - 30%

1 Like

Rakesh Kumar (Accountant) (25 Points)
Replied 21 March 2012

Could any one tell me income tax slab of Rs. 2,00,000.00 nil for man as well as woman.

please tell me.

Thanks & regards

Rakesh Kumar

(Accountant)

Mahender M (Executive) (28 Points)
Replied 22 March 2012

Thank You

Ankit (CA Final) (75 Points)
Replied 22 March 2012

yes, no tax payable for income upto Rs. 2,00,000/- for man as well as woman as per union budget 2012-2013

Pandit Shantanu (article) (23 Points)
Replied 25 March 2012

thanx......

Harsh (Finance) (55 Points)
Replied 05 April 2012

Originally posted by : CA R N Mohil
	The Incom tax Exemption Limit for Individual (Female) have been increased to Rs. 2,00,000/-

Income tax exemption limit has not kept different for male and female. For both male and female it is increased to Rs. 2lacs. Government will need to manage their finance for next year as no one knows how much they will get?