Income tax rates for Financial year 2011-2012

The proposed rates and slabs for Financial year 2011-2012 and Assessment year 2012-13 are as follows:

 

 

Annual IncomeTax Slab
Up to 1,80,000
Up to 1,90,000 (for women)
Up to 2,50,000 (for resident individual of 60 years or above)
Nil
Between Rs 1,80,001 – 5,00,00010%
Between Rs 5,00,001 – 8,00,00020%
8,00,001 upwards30%

Education cess and other cess is 3% on total tax

Download Income tax calculator for Previous year 2011-2012 here

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