Income Tax New Slabs – FY 2011 – 2012

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The below tables give you the details of income tax slabs for the financial year 2011 – 2012 for different categories. There are not many changes to the earlier slabs of FY 2010 – 2011. A comparison is made for a quick check.

General

FY 2010-2011FY 2011-2012Income Tax
0-1.60-1.8Nill
1.6 – 51.8 – 510%
5 – 85 – 820%
Above 8Above 830%


 

 

 

 

 

 

 

 

 

 

 

Women No change to the slabs.

FY 2010-2011FY 2011-2012Income Tax
0-1.90-1.9Nill
1.9 – 51.9 – 510%
5 – 85 – 820%
Above 8Above 830%

 

 

 

Senior Citizens (people of age 60 and above)

FY 2010-2011FY 2011-2012Income Tax
0-2.40-2.5Nill
2.4 – 52.5 – 510%
5 – 85 – 820%
Above 8Above 830%

 

 

 

Very Senior Citizens

People of age 80 and above fall under this category. Up to 5 Lakh there won’t be any tax.  I am not expecting people of age 80 come here and see the slabs :-) I didn’t gather much info of this category.

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