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Income Tax Slab Rates 2012-13

Income Tax Slab Rate for A.Y. 2012-13(.i.e FY 2011-12.) and Income Tax Rates for F.Y. 2011-12 as per  Finance Act, 2011. Income tax slab rates for Individual, Woman,Senior Citizen, Super Senior Citizen and HUF/AOP/BOI/artificial juridical person and Companies (including partnership firms and LLP’s). Minimum tax exemption limit for individual is Rs 180,000/- and for resident women below age of 60 Yrs is Rs 190,000/- and for individual age between 60Yr to 80 Yrs .i.e senior citizen is Rs 250,000/- and individual with age above 80 yrs is Rs 500,000/-.

Income Tax Rates Assessment Year 2012-13

Income Tax Rates for a resident woman (who is below 60 years):

Net income range

Income tax rates

Education cess

Secondary and higher education cess

Up to Rs. 1,90,000Nil NilNil
Rs. 1,90,000 – 5,00,00010% of (total income – 1,90,000)2% of income tax1% of income tax
Rs. 5,00,000 – 8,00,00031000 + 20% of (total income – 5,00,000)2% of income tax1% of income tax
Above Rs. 8,00,00091000 + 30% of (total income – 8,00,000)2% of income tax1% of income tax

Income Tax Rates for a resident senior citizen(who is above 60 years but below 80 years):

Net income range

Income tax rates

Education cess

Secondary and higher education cess

Up to Rs. 2,50,000Nil NilNil
Rs. 2,50,000 – 5,00,00010% of (total income – 2,50,000)2% of income tax1% of income tax
Rs. 5,00,000 – 8,00,00025,000 + 20% of (total income – 5,00,000)2% of income tax1% of income tax
Above Rs. 8,00,00085,000 + 30% of (total income – 8,00,000)2% of income tax1% of income tax

Income Tax Rates for a resident super senior citizen(who is above 80 years):

Net income range

Income tax rates

Education cess

Secondary and higher education cess

Up to Rs. 5,00,000Nil NilNil
Rs. 5,00,000 – 8,00,00020% of (total income – 5,00,000)2% of income tax1% of income tax
Above Rs. 8,00,00060,000 + 30% of (total income – 8,00,000)2% of income tax1% of income tax

Income Tax Rates for any other individual i.e. every HUF/AOP/BOI/artificial juridical person:

Net income range

Income tax rates

Education cess

Secondary and higher education cess

Up to Rs. 1,80,000Nil NilNil
Rs. 1,80,000 – 5,00,00010% of (total income – 1,80,000)2% of income tax1% of income tax
Rs. 5,00,000 – 8,00,00032,000 + 20% of (total income – 5,00,000)2% of income tax1% of income tax
Above Rs. 8,00,00092,000 + 30% of (total income – 8,00,000)2% of income tax1% of income tax


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3 thoughts on “Income Tax Slab Rates 2012-13
  • Mahendra Singh Arora says:

    Dear Sir,
    We are holding a Trust. Kindly intimate how to apply for TAN Number and TDS rates applicable for a Trust for the financial year 2012-13.

    Regards,
    MS Arora, 9540998052

  • Reetesh Kumar says:

    dear please conform the current rate chart

  • Pankaj Kumar Rai says:

    Sir , I am an Individual submitted my last return on 30/03/2012 for the assessment year 2011-2012 . Now I want to submit for the AY 2012 – 2013 . What is the last date for this & interested to know the procedure of E- Filing .