tax slab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 April 2011
what is the tax slab for a.y. 2011-12
CA. Deepak Narula
(Expert)
21 April 2011
For males:
upto 160000 - no tax
160001 upto 500000 - 10%
500001-800000 - 20%
above 800000 - 30%
for females, basic exemption limit is Rs. 190000 and for senior citizens, it is Rs. 240000. all other limits are same.
(limits are for FY 2010-11 and AY 2011-12 as asked for and in this year senior citizen age is 65 years)
upto 160000 - no tax
160001 upto 500000 - 10%
500001-800000 - 20%
above 800000 - 30%
for females, basic exemption limit is Rs. 190000 and for senior citizens, it is Rs. 240000. all other limits are same.
(limits are for FY 2010-11 and AY 2011-12 as asked for and in this year senior citizen age is 65 years)
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