Income tax slabs 2011-2012 for General tax payers

Income tax slabs 2011-2012 for General tax payers
0 to 1,80,000 No tax
1,80,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%

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Income tax slabs 2011-2012 for Women
0 to 1,90,000 No tax
1,90,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%

Income tax slabs 2011-2012 for Senior citizen (Aged 60 years but less than 80 years)
0 to 2,50,000 No tax
2,50,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%

Income tax slabs 2011-2012 for Very Senior citizen (Above 80 years)
0 to 5,00,000 No tax
5,00,001 to 8,00,000 20%
Above 8,00,000 30%

In addition to that, 2% of Education Cess & 1% of Secondary & Higher Education Cess will levied on the tax payable amount.

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