Wednesday, September 7, 2011

Income Tax calculator 2011-2012 in India

Income Tax Rates for financial year 2011-2012 in India ,Income Tax Calculator 2011-2012 in India

Here the the income tax rate details for financial year 2011-2012 for individual men/women & senior Citizens in India.(India Income Tax Calculator, Income Tax Slab for 2011-2012 in India)
With the help of following Income tax details, you can calculate the approximate
income tax amount that you have to pay for Indian Government.

For Men (Income Tax Rates/Slab details for individual Men 2011-2012)

Upto Rs. 1,80,000/- Nil
Rs. 1,80,001/- to Rs. 5,00,000/- 10 per cent
Rs. 5,00,001/- to Rs. 8,00,000 20 per cent
Above Rs. 8,00,000/- 30 per cent


For Women (Income Tax Rates/Slab details for individual Women 2011-2012)

Upto Rs. 1,90,000/- Nil
Rs. 1,90,000/- to Rs. 5,00,000/- 10 per cent
Rs. 5,00,001/- to Rs. 8,00,000 20 per cent
Above Rs. 8,00,000/- 30 per cent


For resident individual of 60 years or above (Senior Citizens)

Upto Rs. 2,50,000/- Nil
Rs. 2,50,001/- to Rs. 5,00,000/- 10 per cent
Rs. 5,00,001/- to Rs. 8,00,000 20 per cent
Above Rs. 8,00,000/- 30 per cent


For resident individual of 80 years or above (Very Senior Citizens)

Upto Rs. 5,00,000/- Nil
Rs. 5,00,001/- to Rs. 8,00,000 20 per cent
Above Rs. 8,00,000/- 30 per cent

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