LIC

Income tax rates for Financial year 2011-12 (Assessment year 2012-2013) is given below:

Income Tax Rates/Slab for Assessment Year 2012-13 (F Y 2011-12)	Rate(%age)
Up to 1,80,000 Up to 1,90,000 (for women) Up to 2,50,000 (for resident individual of 65 years till 80 years)	Nil Nil Nil
1,80,001 – 5,00,000 Up to 500,000 (for resident individual of 80 years and above, Tax is nil)	10% Nil
5,00,001 – 8,00,000	20%
8,00,001 upwards	30%

 

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