# What is the rate of tax of male individual for the assessment year 2011 to 2012?

## 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