The Income tax rates and Income tax slabs Financial year 2012-2013 ( Assessment year 2013- 14) 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%|
Education cess is payable @ 3 % on the tax so computed as per above.
No enhanced limit for women. Men and women are treated same now from Financial year 2012-13.