Income tax slabs for AY 2012-2013 (FY 2011-12)

Here are the income tax slabs for AY 2012-2013 (FY 2011-12).

Income Tax Slabs – AY 2012-2013

Income Tax Slabs – AY 2012-2013
Tax Slabs (in Rs) Income tax
Indian Male/NRI/HUF 0 to 1,80,000 NIL
1,80,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%
Women 0 to 1,90,000 NIL
1,90,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%
Senior Citizen (>60 yrs) 0 to 2,50,000 NIL
2,50,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%

Significant changes :

  • No increase in base income tax slabs for women, increase only for men and senior citizens.
  • Senior citizens age has been reduced to 60 years from 65 years.
  • People above 80 years of age to be included in the new category called ‘Very Senior Citizen’ category.

Author: Radhey Sharma

Radhey is a Certified Financial Planner and an expert in the disciplines of insurance, retirement, investments and tax. His hobbies include gardening, traveling and reading self development books. The information contained on this blog is general advice and may or may not be suitable to the reader. Kindly take professional help before you apply what you read.

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18 Comments

  1. I am 81 and tax payer.Kindlt inform me the cap for tax payment and other benefits as a senior ultra citizen.

    Post a Reply
  2. I have purchased a plot in FY 2011-11. and have statarted building a house on it in 2011-12. Am going sell my esidential house in 2012-13 (FY).

    How do I reflect the transaction in my IT for FY 2011-12.

    Post a Reply
    • It amounts to short term capital gains for sure. Please consult a tax consultant for the calculations.

      Post a Reply
  3. I am told the 20% tax slab is from Rs. 500000 to 10,00,000.

    please clarify and update the chart.

    Post a Reply
    • @Rangarajan,

      Yes, you are right….

      India Income tax slabs 2012-2013 for General tax payers
      Income tax slab (in Rs.) Tax
      0 to 2,00,000 No tax
      2,00,001 to 5,00,000 10%
      5,00,001 to 10,00,000 20%
      Above 10,00,000 30%

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    • In case of senior citizen (60-80 yrs): –

      Income tax slab (in Rs.) Tax
      0 to 2,50,000 No tax
      2,50,001 to 5,00,000 10%
      5,00,001 to 10,00,000 20%
      Above 10,00,000 30%

      Very senior (80+): –

      Income tax slab (in Rs.) Tax
      0 to 5,00,000 No tax
      5,00,001 to 10,00,000 20%
      Above 10,00,000 30%

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      • Guys, the above that you have put is for FY 2012-13 or AY 2013-14. The above data that I have put originally is still correct as it is for AY 2012-2013 (FY 2011-12). Right ?

        Post a Reply
        • What I have put above is for FY 2012-13.

          What you have put in the article is for previous FY, so yes it is correct.

          Post a Reply
  4. Well this budget was the absolute worst I have ever seen. Pranabda could at least have increased the tax slab to Rs.300000.

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  5. Dear Sir,

    IF a NRI women is 35 years old what will be exemption limit to her 180k or 190k?

    Post a Reply
    • @Sadashiv,

      For an NRI earning income in India, right?
      190K will be the limit.

      Post a Reply
  6. i have business income from proprietary concern & can i am claim HRA 24000 in yearly in computation of income. how much amount claim any limit is there.for F.Y 2011-12

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  7. Is standard deduction allowed from salary? (Expenses on travelling to work and stationary etc,)

    Post a Reply

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