Indian Personel Income Tax Rates for Financial Year 2012-2013

Income tax rates for the financial year 2012-2013:-

Applicable Income tax rates for Indian individual persons (Men/Women/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 200000 0 0 0
200000 to 500000 10 3 10.3
500001 to 1000000 20 3 20.6
1000001 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 1000000 20 3 20.6
1000001 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 1000000 20 3 20.6
1000001 and above 30 3 30.6

Related posts:

  1. Income tax rates for the financial year 2011-2012
  2. Filing income Tax returns online
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