Tuesday, July 24, 2012

(Income tax rates for the financial year 2011-2012)


Applicable Income tax rates for Indian individual persons (Men/HUF) having age less than 60


Income from all sources
Income tax rate ( Percentage )
Applicable Education cess on Income tax  ( percentage )
Effective tax rate
0 to 180000
0
0
0
180001 to 500000
10
3
10.3
500001 to 800000
20
3
20.6
800001 and above
30
3
30.6







Applicable Income tax rates for Indian individual women having age less than 60


Income from all sources
Income tax rate ( Percentage )
Applicable Education cess on Income tax  ( percentage )
Effective tax rate
0 to 190000
0
0
0
190001 to 500000
10
3
10.3
500001 to 800000
20
3
20.6
800001 and above
30
3
30.6

Applicable Income tax rates for Indian individual persons having age more than 60 and less than 80 (Senior citizens)


Income from all sources
Income tax rate ( Percentage )
Applicable Education cess on Income tax  ( percentage )
Effective tax rate
0 to 250000
0
0
0
250001 to 500000
10
3
10.3
500001 to 800000
20
3
20.6
800001 and above
30
3
30.6

Applicable Income tax rates for Indian individual persons having age more than 80 (Very Senior citizens)


Income from all sources
Income tax rate ( Percentage )
Applicable Education cess on Income tax  ( percentage )
Effective tax rate
0 to 500000
0
0
0
500001 to 800000
20
3
20.6
800001 and above
30
3
30.6

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