New Indian Income Tax Slab/Rate
62Income Tax Slab F.Y. 11-12, Assessment Year 2012-13 after budget
Income Tax Slab
| Male
| Female
| Senior Citizen Age => 60 and <80
| Senior Citizen => 80
|
|---|---|---|---|---|
Basic Exemption
| 1,80,000
| 1,90,000
| 2,50,000
| 5,00,000
|
10%
| 1,80,001 to 5,00,000
| 1,90,001 to 5,00,000
| 2,50,000 to 5,00,000
| N.A.
|
20%
| 5,00,001 to 8,00,000
| 5,00,001 to 8,00,000
| 5,00,001 to 8,00,000
| 5,00,001 to 8,00,000
|
30%
| above 8,00,000
| above 8,00,000
| above 8,00,000
| above 8,00,000
|
Income Tax Froms
ITR means Income Tax Return, Assessment Year 2010-11 has been closed on 31st March,2010. Salaried persons are ready to submit their ITR-1 or ITR-2. They are searching ITR1 or ITR2.
Income Tax Slabs for the Financial Year 2009-10 or Assessment Year 2010-11
1) Individuals having age less than 65 years
Male if income is as below
upto 1,60,000 Tax nil
1,60,001 to 3,00,000 10%
3,00,001 to 5,00,000 20%
5,00,001 to above 30%
(In case female basic exemption is Rs. 1,90,000 instead of Rs.1,60,000)
(in case of Sr. Citizen having age > 65 years basic exemption is Rs. 2,40,000 instead of Rs. 1,60,000)
In case you want to calculate income tax automatically, you may download free excel based income tax calculator from w w w . f a s t w o r k i n g . b l o g s p o t . c o m
Income Tax Slab for A.Y. 2011-2012
Sex
| Slab
| Tax Percentage
|
|---|---|---|
for Man
| upto 1,60,000/-
| Nil
|
1,60,000/- to 3,00,000/-
| 10%
| |
3,00,000/- to 5,00,000/-
| 20%
| |
5,00,001/- to onwards
| 30%
| |
for Women
| Basic Exemption is Rs.1,90,000/-
| Nil
|
for Senior Citizen (Age =>65 years)
| Basic Exemption is Rs.2,40,000/-
| Nil
|
Income Tax Slabs w.e.f. 01.04.2000 to up to Date
- Exemption for Filing of Income Tax Return
Friends No doubt that Income Tax Department had issued a notification regarding exemption for filing of Income Tax Return. But there are many questions such as who are exempted or who are not exempted for filing of Income Tax Return. To resolve public queries, some common question answers... to Read More ... Click on Subject/Title of this post
- ITR-4 Excel Based Return Preparation Form for Assessment Year 2012-13
Income Tax department has published ITR-4 Return Preparation Utility for the Financial Year 2011-12 or Assessment Year 2012-13. Earlier only ITR-1 (Sahaj) , ITR-2, ITR-3 or ITR-4 (Sugam) were published. Now ITR-4 form is also ready for submitting Income Tax Return. This form is used for Individuals and HUF's hvaing... to Read More ... Click on Subject/Title of this post
- 10 E form for the Assessment Year 2013-14 or Financial Year 2012-13
The persons who has received any salary arrears in the Financial Year 2012-13 and want to save Income Tax through claiming relief under section 89(1). Easy and Fast calculations are available for generating 10E form for the Assessment Year 2013-14. Only white cell are to be filed and calculator will generate 10E... to Read More ... Click on Subject/Title of this post
- Form 10E or Relief u/s 89(1) for Financial Year 2011-12 or Assessment Year 2012-13
The persons who has received any salary arrears in the Financial Year 2011-12 and want to save Income Tax while claiming relief under section 89(1). Easy and Fast calculations are available for generating 10E form for the Assessment Year 2012-13. As Income Tax Returns forms are already ready to upload Salary Returns in... to Read More ... Click on Subject/Title of this post
- Central Board of Secondary Education :- 10 th Result will be on 24 th May,2012 at 7:00 PM IST
As students of X Class through CBSE are waiting for their result which will be declared today. Earlier result was declared at 5.00 P.M., but due to some reason, time has been extended up to 7.00 PM IST. Roll Number and Date of Birth are required to check a result. Address of official website is given as under for students... to Read More ... Click on Subject/Title of this post
- SAHAJ ITR-1- What is New in ITR-1 SAHAJ RPU in Assessement Year 2012-13
Friends, As Income Tax Department has issued excel based New ITR forms for submission of online income tax returns for the Assessment Year 2012-13. Still all forms have not been published for online submission of Income Tax Return, but form no's ITR-1 (SAHAJ), ITR-2, ITR-3 and ITR-4S (SUGAM) have been... to Read More ... Click on Subject/Title of this post
huma 12 months ago
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