Income Tax slabs for various categories- individuals for Financial year 2012-13


Men and Women below 60 years:

Upto Rs.2,00,000              NIL

2,00,001- 5,00,000          10%

5,00,001-10,00,000         20%

Above 10,00,000              30%

Senior Citizens (60 years to 79 years)

Upto Rs.2,50,000              NIL

2,50,001- 5,00,000          10%

5,00,001-10,00,000         20%

Above 10,00,000              30%

Very Senior Citizens (80 years to 79 years)

Upto Rs.5,00,000              NIL

5,00,001-10,00,000         20%

Above 10,00,000              30%

Education cess of 3% will be payable on the amount of income tax.

C.R. Venkata Ramani

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