CENTRAL GOVERNMENT EMPLOYEES - INCOME TAX
INCOME TAX RATES
TAX RATES FOR INDIVIDUALS
New Income Tax Slab for 2011-12 (compare with old slab...)
| New Income Slab for Individual |
| Income Slab | Tax | Income Slab | Tax |
| Income upto Rs 1,80,000 | Nil | Income upto Rs 1,60,000 | Nil |
| Income from Rs 1,80,001 to 5,00,000 | 10 % | Income from Rs 1,60,001 to 5,00,000 | 10 % |
| Income from Rs 5,00,001 to 8,00,000 | 20 % | Income from Rs 5,00,001 to 8,00,000 | 20 % |
| Income above 8,00,000 | 30 % | Income above Rs 8,00,000 | 30 % |
| New Income Slab for Women |
| Income Slab | Tax | Income Slab | Tax |
| Income upto Rs 1,90,000 | Nil | Income upto Rs 1,90,000 | Nil |
| Income from Rs 1,90,001 to 5,00,000 | 10 % | Income from Rs 1,90,001 to 5,00,000 | 10 % |
| Income from Rs 5,00,001 to 8,00,000 | 20 % | Income from Rs 5,00,001 to 8,00,000 | 20 % |
| Income above 8,00,000 | 30 % | Income above Rs 8,00,000 | 30 % |
| New Income Slab for Senior Citizen(60 to 80 Years) |
| Income Slab | Tax | Income Slab | Tax |
| Income upto Rs 2,50,000 | Nil | Income upto Rs 2,50,000 | Nil |
| Income from Rs 2,50,001 to 5,00,000 | 10 % | Income from Rs 2,50,001 to 5,00,000 | 10 % |
| Income from Rs 5,00,001 to 8,00,000 | 20 % | Income from Rs 5,00,001 to 8,00,000 | 20 % |
| Income above 8,00,000 | 30 % | Income above Rs 8,00,000 | 30 % |
| New Income Slab for Senior Citizen(above 80 years) |
| Income Slab | Tax | Income Slab | Tax |
| Income upto Rs 5,00,000 | Nil | - | - |
| Income from Rs 5,00,001 to 8,00,000 | 20 % | - | - |
| Income above Rs.8,00,000 | 30 % | - | - |
Income Tax Calculator as for Union Budget 2011-12
Click here to compute now...
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