Assessment year and it rate

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i am nishant ipcc student and i am confused that which assessment year and tax rate is applicable  for may 2011 ipcc exam.

in that my manner the ay is 211-12 but my friends confused me so please give me solution                         

thanks.

Replies (2)

For May 2011 IPCC exam AY 2011-12 is applicable

 

Regards

Ram.

AY 2011-12 is applicable

the slab applicable shaal be:

 

Income tax slab for ay 11-12
New Income Tax Slabs for ay 11-12 for Resident Senior Citizens (FY 2010-11)
S. No. Income Range Tax percentage
1 Up to Rs 2,40,000 No tax / exempt
2 2,40,001 to 5,00,000 10%
3 5,00,001 to 8,00,000 20%
4 Above 8,00,000 30%
Income Tax Slabs for ay 11-12 for Resident Women (below 65 years) (FY 2010-11)
1 Up to Rs 1,90,000 No tax / exempt
2 1,90,001 to 5,00,000 10%
3 5,00,001 to 8,00,00 20%
4 Above 8,00,000 30%
New Income Tax Slabs for ay 11-12 Others & Men (FY 2010-11)
1 Up to Rs 1,60,000 No tax / exempt
2 1,60,001 to 5,00,000 10%
3 5,00,001 to 8,00,000 20%
4 Above 8,00,000 30%


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