Income Tax Rate as per Finance Act, 2012 for the FY 2012-13 or AY 2013-14
Taxable Income
|
Male (Below 60 Years)
|
Female (Below 60 years)
|
Senior Citizen (60 years & Above)
|
Very Senior Citizen (80 years & Above)
|
Basic Exemption
|
Rs. 2,00,000
|
Rs. 2,00,000
|
Rs. 2,50,000
|
Rs. 5,00,000
|
Rs. 2,00,001 to Rs. 5,00,000
|
10% over Rs. 2,00,000
|
10% over Rs. 2,00,000
|
10 % over Rs. 2.5 lacs
|
NIL
|
Rs. 5,00,001 to Rs. 10,00,000
|
Rs. 30000 + 20 % over Rs. 5lacs
|
Rs. 30000 + 20 % over Rs. 5lacs
|
Rs. 25,000 + 20% over Rs. 5 lacs
|
20 % over Rs. 5 lacs
|
Over Rs. 10,00,000
|
Rs. 1,30,000 + 30 % over Rs. 10 lacs
|
Rs. 1,30,000 + 30 % over Rs. 10 lacs
|
Rs. 1,25,000 + 30 % over Rs. 10 lacs
|
Rs. 1,00,000 + 30% over Rs. 10 Lacs.
|
