Tax Rates for Individuals financial year 2012-13

Rate of tax for Individuals for Financial year 2012-13 is as follows:

Total Income / Income Slab Male & Female below 60 Years
Income tax rate Education cess Total Income tax rate
0-200000 Nil Nil Nil
200001-500000 10.00% 3.00% 10.30%
500001-1000000 20.00% 3.00% 20.60%
1000001& above 30.00% 3.00% 30.90%

Total Income / Income Slab Senior Citizen (Age Limit 60 & above) Super Senior Citizen (Age Limit 80 & above)
Income tax rate Education cess Total Income tax rate Income tax rate Education cess Total Income tax rate
0-250000 Nil Nil Nil Nil Nil Nil
250001- 500000 10.00% 3.00% 10.30% Nil Nil Nil
500001-1000000 20.00% 3.00% 20.60% 20.00% 3.00% 20.60%
1000001& above 30.00% 3.00% 30.90% 30.00% 3.00% 30.90%