Rates of Income Tax

Assessment year : 2012 - 13
Previous year : 2011 - 12
1. For resident women below the age of 60 years.

Upto Rs. 1,90,000 Nil
Rs. 1,90,001 to Rs. 5,00,000 10%
Rs. 5,00,001 to Rs. 8,00,000 20%
Above Rs. 8,00,000 30%

Assessment year : 2011 - 12
Previous year : 2010 - 11
1. For resident women below the age of 65 years.

Upto Rs. 1,90,000 Nil
Rs. 1,90,001 to Rs. 5,00,000 10%
Rs. 5,00,001 to Rs. 8,00,000 20%
Above Rs. 8,00,000 30%

2. For resident Senior Citizens. (Age above 60 Years)

Up to Rs 2,50,000 Nil
Rs. 2,50,001 to Rs. 5,00,000 10%
Rs. 5,00,001 to Rs. 8,00,000 20%
Above Rs. 8,00,000 30%

2. For resident Senior Citizens. (Age above 65 Years)

Upto Rs 2,40,000 Nil
Rs. 2,40,001 to Rs. 5,00,000 10%
Rs. 5,00,001 to Rs. 8,00,000 20%
Above Rs. 8,00,000 30%

3. For resident Super Senior Citizens. (Age above 80 Years)

Up to Rs 5,00,000 Nil
Rs. 5,00,001 to Rs. 8,00,000 20%
Above Rs. 8,00,000 30%

4. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies). 3. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies).

Upto Rs. 1,80,000 Nil
Rs. 1,80,001 to Rs. 5,00,000 10%
Rs. 5,00,001 to Rs 8,00,000 20%
Above Rs. 8,00,000 30%
Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge.
Long-Term Capital Gains: 20% on income-tax plus surcharge. Short-Term Capital Gains u/s 111A:15% on income-tax plus surcharge.
Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge.
Long-Term Capital Gains: 20% on income-tax plus surcharge. Short-Term Capital Gains u/s 111A:15% on income-tax plus surcharge.
Firm
Income tax : 30%. Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge
Secondary and Higher Education cess : 1% on income-tax plus surcharge
Firm
Income tax : 30%. Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge
Secondary and Higher Education cess : 1% on income-tax plus surcharge

Companies

(A) Domestic Companies
Income tax : 30%
Surcharge: 5% if the taxable income exceeds Rs. 100,00,000.
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge

(B) Foreign Companies
Income tax : 40% (in general ) 50% on royalty or fee for technical services (agreement 1.04.1961 to 31.03.1976.)
Surcharge : 2% if the taxable income exceeds Rs. 100,00,000.
Education Cess : 2% on income-tax plus surcharge
Secondary and Higher Education cess : 1% on income-tax plus surcharge

Companies

(A) Domestic Companies
Income tax : 30%
Surcharge: 7.5% if the taxable income exceeds Rs. 100,00,000.
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge

(B) Foreign Companies
Income tax : 40% (in general ) 50% on royalty or fee for technical services (agreement 1.04.1961 to 31.03.1976.)
Surcharge : 2% if the taxable income exceeds Rs. 100,00,000.
Education Cess : 2% on income-tax plus surcharge
Secondary and Higher Education cess : 1% on income-tax plus surcharge

Cooperative Societies

Upto Rs. 10,000 10%
Rs. 10,001 to Rs. 20,000 20%
Rs. 20,001 to Above 30%

Surcharge : Surcharge Is Not Applicable
Education Cess : 2% on income-tax.
Secondary And Higher EducationCess : 1% on income tax plus surcharge


Cooperative Societies

Upto Rs. 10,000 10%
Rs. 10,001 to Rs. 20,000 20%
Rs. 20,001 to Above 30%

Surcharge : Surcharge Is Not Applicable
Education Cess : 2% on income-tax.
Secondary And Higher EducationCess : 1% on income tax plus surcharge


Local Authorities

Income tax : 30%
Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge.
Secondary And Higher EducationCess : 1% on income-tax plus surcharge


Local Authorities

Income tax : 30%
Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge.
Secondary And Higher EducationCess : 1% on income-tax plus surcharge


Sent Enquiry

Our Services