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tax rates

This query is : Resolved 

20 April 2011 what is the new slab for AY 2012-2013 .
What is the new(other) category of senior citizen & tell me their income taxability.

21 April 2011 For Individual Assessee
INCOME TAX SLAB RATE FOR ASSESSMENT YEAR 2012-13 (Amount In Rs.)

For Woman*
Slab rate Tax rate
upto 1,90,000 NIL
1,90,000 to 5,00,000 10%
5,00,000 to 8,00,000 20%+31,000
above 8,00,000 30%+91,000
* There is no change since last year

For Senior Citizen (above 65 Years of age)
Slab rate Tax rate
upto 2,50,000 NIL
2,50,000 to 5,00,000 10%
5,00,000 to 8,00,000 20%+25,000
above 8,00,000 30%+85,000

For Higher Senior Citizen (80 years or above)
Slab rate for Assessment Year 2012-13
Slab rate Tax rate
upto 5,00,000 NIL
5,00,000 to 8,00,000 20%
above 8,00,000 30%+60,000

Slab rate for other individuals Tax rate
upto 1,80,000 NIL
1,80,000 to 5,00,000 10%
5,00,000 to 8,00,000 20%+32,000
above 8,00,000 30%+92,000


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