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Tax Facts- Income Tax Rates

Income tax rates usually change annually. Any adjustments are announced by the Ministry of Finance, Government of India.

Income tax rates determine the tax that will be applied to your income. In India, there are different income tax rates for men, women and senior citizens. The table outlines these.

 Rate of Income Tax :


India Income tax slabs 2012-2013 for General tax payer

Income tax slabs 2011-2012 for General tax payers

Income tax slab 
(in Rs.)

Tax

 Income tax slab 
(in Rs.)

Tax

0 to 2,00,000

No tax

0 to 1,80,000

No tax

2,00,001 to 5,00,000

10%

1,80,001 to 5,00,000

10%

5,00,001 to 10,00,000

20%

5,00,001 to 8,00,000

20%

Above 10,00,000

30%

Above 8,00,000

30%

India Income tax slabs 2012-2013 for Women

Income tax slabs 2011-2012 for Women

Income tax slab 
(in Rs.)

Tax

Income tax slab 
(in Rs.)

Tax

0 to 2,00,000

No tax

0 to 1,90,000

No tax

2,00,001 to 5,00,000

10%

1,90,001 to 5,00,000

10%

5,00,001 to 10,00,000

20%

5,00,001 to 8,00,000

20%

Above 10,00,000

30%

Above 8,00,000

30%

India Income tax slabs 2012-2013 for Senior citizen

Income tax slabs 2011-2012 for Senior citizen

(Aged 60 years but less than 80 years)

(Aged 60 years but less than 80 years)

Income tax slab 
(in Rs.)

Tax

Income tax slab 
(in Rs.)

Tax

0 to 2,50,000

No tax

0 to 2,50,000

No tax

2,50,001 to 5,00,000

10%

2,50,001 to 5,00,000

10%

5,00,001 to 10,00,000

20%

5,00,001 to 8,00,000

20%

Above 10,00,000

30%

Above 8,00,000

30%

India Income tax slabs 2012-2013 for very senior citizen

Income tax slabs 2011-2012 for Very Senior citizen

(Aged 80 and above)

(Above 80 years)

Income tax slab 
(in Rs.)

Tax

Income tax slab 
(in Rs.)

Tax

0 to 5,00,000

No tax

0 to 5,00,000

0%

5,00,001 to 10,00,000

20%

5,00,001 to 8,00,000

20%

Above 10,00,000

30%

Above 8,00,000

30%