MALES - 2012 - 13 Budget
Exemption up to Rs 2 lakh for taxpayers. The upper limit of 20% tax slab raised to Rs 10 lakh.
TAX RATE NOW POST BUDGET
Nil 1.8 lakh 2.0 lakh
10% 1.8 to 5 lakh 2 to 5 lakh
20% 5 to 8 lakh 5 to 10 lakh
30% Above 8 lakh Above 10 lakh
FEMALES
Exemption up to Rs 2 lakh for taxpayers. The upper limit of 20% tax slab raised to Rs 10 lakh.
TAX RATE NOW POST BUDGET
Nil 1.9 lakh 2.0 lakh
10% 1.9 to 5 lakh 2 to 5 lakh
20% 5 to 8 lakh 5 to 10 lakh
30% Above 8 lakh Above 10 lakh
SENIOR CITIZENS (60 to 80 YRS)
The upper limit of 20% tax slab raised to Rs 10 lakh.
TAX RATE NOW POST BUDGET
Nil 2.5 lakh 2.5 lakh
10% 2.5 to 5 lakh 2.5 to 5 lakh
20% 5 to 8 lakh 5 to 10 lakh
30% Above 8 lakh Above 10 lakh
VERY SENIOR CITIZENS (80 YRS & ABOVE)
The upper limit of 20% tax slab raised to Rs 10 lakh.
TAX RATE NOW POST BUDGET
Nil 5 lakh 5 lakh
20% 5 to 8 lakh 5 to 10 lakh
30% Above 8 lakh Above 10 lakh
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