Income tax rates for Financial year 2012-2013

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.

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