Tax Rates

Income tax rates for Financial year 2012-2013

The proposed rates and slabs are as follows:

Annual Income                                                                                        Tax Slab

Up-to Rs  200,000 (for senior citizens 250,000)                                          Nil

Between Rs 200,000 to 500,000                                                                     10%

Between Rs  500,000 to 1,000,000                                                                20%

Above Rs  1,000,000                                                                                          30%

No enhanced limit for women. Men and women are treated same now .

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