Indian Income Tax Rates – Slabs for Financial Year (2011-12)
Applicable – From 01 April 2011 to 31 March 2012
Slab (Rs.) Tax (Rs.)
less than 1,80,000 Nil
1,80,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Greater than 8,00,000 30%
| Income tax slab (in Rs.) |
Tax |
| 0 to 1,80,000 |
No tax |
| 1,80,001 to 5,00,000 |
10% |
| 5,00,001 to 8,00,000 |
20% |
| Above 8,00,000 |
30% |
Women aged 65 years or less
less than 1,90,000 Nil
1,90,001 to 5,00,000 (TI – 1,90,000) * 10%
5,00,001 to 8,00,000 31,000 + (TI – 5,00,000) * 20%
Greater than 8,00,000 91,000 + (TI – 8,00,000) * 30%
| Income tax slab (in Rs.) |
Tax |
| 0 to 1,90,000 |
No tax |
| 1,90,001 to 5,00,000 |
10% |
| 5,00,001 to 8,00,000 |
20% |
| Above 8,00,000 |
30% |
Senior Citizens (Individuals aged above 65 years but less than 80)
less than 2,50,000 Nil
2,50,000 to 5,00,000 (TI – 2,40,000) * 10%
5,00,000 to 8,00,000 26,000 + (TI – 5,00,000) * 20%
Greater than 8,00,000 86,000 + (TI – 8,00,000) * 30%
| Income tax slab (in Rs.) |
Tax |
| 0 to 2,50,000 |
No tax |
| 2,50,001 to 5,00,000 |
10% |
| 5,00,001 to 8,00,000 |
20% |
| Above 8,00,000 |
30% |
Income tax slabs 2011-2012 for Very Senior citizen (Above 80 years)
| Income tax slab (in Rs.) |
Tax |
| 0 to 5,00,000 |
0% |
| 5,00,001 to 8,00,000 |
20% |
| Above 8,00,000 |
30% |
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