5. Income tax slabs for individual/HUF taxpayers: 30% Above ` 8 ,00,000 Above ` 8 ,00,000 20% ` 5,00,001 to ` 8 ,00,000 ` 5,00,001 to ` 8 ,00,000 10% ` 1,80,001 to ` 5,00,000 ` 1,60,001 to ` 5,00,000 Nil Upto ` 1,80,000 Upto ` 1,60,000 Rates of Income Tax Income slab (AY 2012-13) Income slab (AY 2011-12)
6. Income tax slabs for senior citizens: 30% Above ` 8 ,00,000 Above ` 8 ,00,000 20% ` 5,00,001 to ` 8 ,00,000 ` 5,00,001 to ` 8 ,00,000 10% ` 2 ,50,001 to ` 5,00,000 Nil Upto ` 5,00,000 Upto ` 2,50,000 Rates of Income Tax Age Group 80yrs and above Age Group 60-80yrs