SIMPLE TAX INDIA

INCOME TAX RATES 12-13 INDIVIDUAL AOP BOI HUF SR CITIZEN VERY SENIOR CITIZEN

Posted: 31 Aug 2011 12:12 AM PDT

As per the Finance Act, 2011, income-tax rates for the financial year 2011-2012 (i.e. Assessment Year 2012-2013) for individual,BOI,AOP,HUF is given as under. RATES OF INCOME-TAX A. Normal Rates of tax: 1. Where the total income does not exceed Rs. 1,80,000/-. Nil 2. Where the total income exceeds Rs. 1,80,000 but does not exceed Rs. 5,00,000/- 10 per cent of the...

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