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Tuesday, March 01, 2011

Income Tax Slab for 2011-12

with 3 comments
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 % - -


Income Tax for the year 2009-10

Income Tax for the year 2010-11

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3 comments:

Sonia Kamboj said...

i want to know the Income Tax Slab for the new financial year i.e. for 2013-14, can you please provide the details of new income tax slab...

jashn samra said...

This is good information which shows the best information about Income Tax Slab and its applicable rates eligible for taxable income. Through Income Tax Slab person can easily calculate their own tax liability.

sam kammy said...

You have given information about Income Tax slab for the year 2011-12, but I am looking same topic for 2013-14. Can you please provide it in your next blog posts? Overall topic wise your blog is nice but need to be a little bit updated.

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