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Income Tax Slab for 2011-12

New Income Tax Slab for 2011-12 :-



The Finmin has announced the Income Tax slab for the year 2011-12, in accordance with there is no huge change in slab amount and once again disappointed in what would be expected to increase.


New Income Slab for Individual
Income Slab Tax Income Slab Tax
Income upto Rs 1,80,000 Nil Income upto Rs 1,60,000 Nil
Income from Rs 1,80,001 to 5,00,000 10 % Income from Rs 1,60,001 to 5,00,000 10 %
Income from Rs 5,00,001 to 8,00,000 20 % Income from Rs 5,00,001 to 8,00,000 20 %
Income above 8,00,000 30 % Income above Rs 8,00,000 30 %


New Income Slab for Women
Income Slab Tax Income Slab Tax
Income upto Rs 1,90,000 Nil Income upto Rs 1,90,000 Nil
Income from Rs 1,90,001 to 5,00,000 10 % Income from Rs 1,90,001 to 5,00,000 10 %
Income from Rs 5,00,001 to 8,00,000 20 % Income from Rs 5,00,001 to 8,00,000 20 %
Income above 8,00,000 30 % Income above Rs 8,00,000 30 %


New Income Slab for Senior Citizen(60 to 80 Years)
Income Slab Tax Income Slab Tax
Income upto Rs 2,50,000 Nil Income upto Rs 2,50,000 Nil
Income from Rs 2,50,001 to 5,00,000 10 % Income from Rs 2,50,001 to 5,00,000 10 %
Income from Rs 5,00,001 to 8,00,000 20 % Income from Rs 5,00,001 to 8,00,000 20 %
Income above 8,00,000 30 % Income above Rs 8,00,000 30 %


New Income Slab for Senior Citizen(above 80 years)
Income Slab Tax Income Slab Tax
Income upto Rs 5,00,000 Nil - -
Income from Rs 5,00,001 to 8,00,000 20 % - -
Income above Rs.8,00,000 30 % - -


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