Income tax rates for financial year 2011 2012

The proposed rates and slabs are as follows:

Annual Income                                                                                                                  Tax 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 – 5,00,000                                                                                                  10%

Between Rs  5,00,001 – 8,00,000                                                                                                20%

8,00,001 upwards                                                                                                                            30%

 

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