What is the rate of tax of male individual for the assessment year 2011 to 2012?
Income Tax Rate for FY 2011-12 or AY 2012-13
| Tax rate | Men | Very senior Citizen (Age above 80) |
|---|---|---|
| Nil | 180000 | 500000 |
| 10% | 180001 to 500000 | – |
| 20% | 500001 to 800000 | 500001 to 800000 |
| 30% | Above 800000 | Above 800000 |
What is FY 20 21 tax slab?
Income tax slab rate applicable for New Tax regime – FY 2020-21.
| Income Tax Slab | New Regime Income Tax Slab Rates FY 2020-21 (Applicable for All Individuals & HUF) |
|---|---|
| Rs. 5.00 lakhs- Rs 7.5 Lakhs | 10% |
| Rs 7.5 lakhs – Rs 10.00 Lakhs | 15% |
| Rs 10.00 lakhs – Rs. 12.50 Lakhs | 20% |
| Rs. 12.5 lakhs- Rs. 15.00 Lakhs | 25% |
What is the income tax slab for AY 2021 22?
Tax Slabs for AY 2021-22
| Existing Tax Regime | |
|---|---|
| Income Tax Slab | Income Tax Rate |
| ₹ 2,50,001 – ₹ 5,00,000 | 5% above ₹ 2,50,000 |
| ₹ 5,00,001 – ₹ 10,00,000 | ₹ 12,500 + 20% above ₹ 5,00,000 |
| Above ₹ 10,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 |
What is the tax slab for 2019 2020?
Tax Rates for Individuals as per budget 2019-2020
| Income Tax Slab (in Rupees) | Tax Rate for Individual Below the Age Of 60 Years |
|---|---|
| 0 to 2,50,000* | Nil |
| 2,50,001 to 5,00,000 | 5% of total income exceeding 2,50,000 |
| 5,00,001 to 10,00,000 | Tax Amount of 12,500 for the income up to 5,00,000 + 20% of total income exceeding 5,00,000 |
What is the current income tax slab for individual?
Income Tax Slabs and Rates for Financial Year: 2019-20
| Income Tax Slab | Individuals below the age of 60 years |
|---|---|
| Up to `2,50,000 | Nil |
| 2,50,001 to 5,00,000 | 5% |
| 5,00,001 to 10,00,000 | 12,500 + 20% of total income exceeding 5,00,000 |
| Above 10,00,000 | 1,12,500 + 30% of total income exceeding 10,00,000 |
What is the standard deduction for AY 2020-21?
Rs.50,000
For FY 2020-21, standard deduction remains same as the previous year at Rs. 50,000.
What was the highest tax rate in 2011?
The 2011 tax rates and brackets for single filers were:
- 10% on taxable income from $0 to $8,500, plus.
- 15% on taxable income over $8,500 to $34,500, plus.
- 25% on taxable income over $34,500 to $83,600, plus.
- 28% on taxable income over $83,600 to $174,400, plus.
- 33% on taxable income over $174,400 to $379,150, plus.
What are the income tax slabs for FY 2012-13?
The new and revised income tax slabs and rates applicable for the FY 2012-13 and AY 2013-14:- Where the total income does not exceed Rs. 10,000/-. Where the total income exceeds Rs. 10,000/- but does not exceed Rs. 20,000/-.
What are the income tax rates for AY 2012-13?
The new and revised income tax slabs and rates applicable for the financial year (FY) 2011-12 and assessment year (AY) 2012-13 are mentioned below: For normal category the simple calculation is as follows Taxable Income in 20% slab maximum tax will be Rs 32000 + Rs 60000 total Rs 92000 Education and other cess will be in addition to this
Are there any tax surcharges in FY 2012-13?
Surcharge on Income tax: There will be no surcharge on income tax payments by individual taxpayers during FY 2011-12 (AY 2012-13). Education Cess on Income tax: The amount of income-tax shall be increased by Education Cess on Income Tax at the rate of two percent of the income-tax.
Which is the maximum taxable income in 20% slab?
For normal category the simple calculation is as follows Taxable Income in 20% slab maximum tax will be Rs 32000 + Rs 60000 total Rs 92000 Education and other cess will be in addition to this