Income Tax - Income Tax Rates/Slabs
Get complete details of income tax rates and slabs for current assessment and financial year. Also highlights of major amendments and introduction in the income tax rate slabs. You can also have a sneak peak into income tax rates of previous year.For individuals, HUF, Association of Persons (AOP) and Body of individuals (BOI):
Income Tax Rates/Slabs for Assessment Year 2012-13 (FY 2011-12)
| Income Tax Rates/Slabs | Rate (%) |
| Upto 1,80,000 Upto 1,90,000 (for women) Upto 2,50,000 (senior citizens) |
NIL |
| 1,80,001 5,00,000 | 10 |
| 5,00,001 8,00,000 | 20 |
| 8,00,001 and above | 30 |
Tax amendments for the FY 2011-12 are mentioned below :
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Income Tax Rates/Slabs for Assesment Year 2011-12 (F Y 2010-11)
| Income Tax Rates/Slabs | Rate (%) |
| Up to 1,60,000 Up to 1,90,000 (for women) Up to 2,40,000 (for resident individual of 65 years or above) |
NIL |
| 1,60,001 5,00,000 | 10 |
| 5,00,001 8,00,000 | 20 |
| 8,00,001 upwards | 30 |
Few
amendments made to the taxation system for the FY 2010-11:
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