WHAT IS THE CURRENT INCOME TAX RATE FOR BOTH MAN N WOMEN???
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Current tax rate women n men
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FOR FY 11-12 INCOME TAX RATE
FOR MENS , AGE BELOW 60 YEARS- Rs180000-500000 - 10%
& IN CASE OF WOMEN- Rs190000- 500000 - 10%
& SENIOUR CITIZEN , AGE BETWEEN 60 TO 80 YEARS Rs240000-500000 - 10%
& AGE ABOVE 80 YEARS UPTO Rs.500000 - NIL
Rahul ji,
Please refer to the link, Slab rates applicable for indivials are mentioned in this link.
https://www.finance.pushpi.com/income-tax-rates-for-assessment-year-2012-13.htm
The following are the income tax rates for assessment year 2012-13. These will be applicable for all financial transactions done in the financially year 2011-12
Rates of income tax for assessment year 2012-13 |
||
| Rates of income tax for assessment year 2012-13 for Resident Senior Citizens above 60 years (FY 2011-12) | ||
| S. No. | Income Range | Tax percentage |
| 1 | Up to Rs 2,50,000 | No tax / exempt |
| 2 | 2,50,001 to 5,00,000 | 10% |
| 3 | 5,00,001 to 8,00,000 | 20% |
| 4 | Above 8,00,000 | 30% |
| Income tax rates for assessment year 2012-13 for Resident Senior Citizens above 80 years (FY 2011-12) | ||
| S. No. | Income Range | Tax percentage |
| 1 | Up to Rs 5,00,000 | No tax / exempt |
| 2 | 5,00,001 to 8,00,000 | 20% |
| 3 | Above 8,00,000 | 30% |
| Income tax rates for assessment year 2012-13 for Resident Women (below 60 years) (FY 2011-12) | ||
| 1 | Up to Rs 1,90,000 | No tax / exempt |
| 2 | 1,90,001 to 5,00,000 | 10% |
| 3 | 5,00,001 to 8,00,000 | 20% |
| 4 | Above 8,00,000 | 30% |
| Income tax rates for assessment year 2012-13 Others & Men (FY 2011-12) | ||
| 1 | Up to Rs 1,80,000 | No tax / exempt |
| 2 | 1,80,001 to 5,00,000 | 10% |
| 3 | 5,00,001 to 8,00,000 | 20% |
| 4 | Above 8,00,000 |
30% |
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