INCOME TAX RATES FOR INDIVIDUALS W.E.F 1.4.2012 TO 31.3.2013

NEW INCOME TAX SLAB RATES W.E.F.01.04.2012
INDIVIDUAL (MALE) AGE LESS THAN 60 YEARS
OLD	INCOME-TAX	NEW	CHANGE
w.e.f.01.04.2011	RATE	w.e.f.01.04.2012
to 31.03.2012		to 31.03.2013
Rs.1 to Rs.1,80,000	EXEMPTION LIMIT	Rs.1 to Rs.2,00,000	INCREASE Rs.20,000
1,80,001-5,00,000	10.00%	Rs.2,00,001-5,00,000	Tax benifit Rs.2,060
5,00,001-8,00,000	20.00%	Rs.5,00,001-10,00,000
MORE THAN Rs. 8,00,000	30.00%	MORE THAN Rs. 10,00,000
INDIVIDUAL(FEMALE) AGE LESS THAN 60 YEARS
OLD	INCOME-TAX	NEW	CHANGE
w.e.f.01.04.2011	RATE	w.e.f.01.04.2012
to 31.03.2012		to 31.03.2013
Rs.1 to Rs.190000	EXEMPTION LIMIT	Rs.1 to Rs.2,00,000	INCREASE Rs.10,000
190001-500000	10.00%	Rs.2,00,001-5,00,000	Tax benifit Rs.1030
500001-800000	20.00%	Rs.5,00,001-10,00,000
MORE THAN 800000	30.00%	MORE THAN Rs. 10,00,000
INDIVIDUAL AGE MORE THAN 60 YEARS AND LESS THAN 80 YRS (SR CITIZEN)
OLD	INCOME-TAX	NEW	CHANGE
w.e.f.01.04.2011	RATE	w.e.f.01.04.2012
to 31.03.2012		to 31.03.2013
Rs.1 to Rs.250000	EXEMPTION LIMIT	Rs.1 to Rs.2,00,000	NO BENEFIT
250001-500000	10.00%	Rs.2,00,001-5,00,000	NO BENEFIT
500001-800000	20.00%	Rs.5,00,001-10,00,000
MORE THAN 800000	30.00%	MORE THAN Rs. 10,00,000
INDIVIDUAL AGE MORE THAN 80 YEARS
OLD	INCOME-TAX	NEW	CHANGE
w.e.f.01.04.2011	RATE	w.e.f.01.04.2012
to 31.03.2012		to 31.03.2013
Rs.1 to 500000	EXEMPTION LIMIT	Rs.1 to 500000
	10.00%
500001-800000	20.00%	500001-1000000
MORE THAN 800000	30.00%	MORE THAN 1000000