Income tax rates for Financial year 2012-2013
The proposed rates and slabs are as follows:
Annual Income Tax Slab
Up-to Rs 200,000 (for senior citizens 250,000) Nil
Between Rs 200,000 to 500,000 10%
Between Rs 500,000 to 1,000,000 20%
Above Rs 1,000,000 30%
No enhanced limit for women. Men and women are treated same now .