New tax slab for 2012-2013

                           Pranab Mukherjee Finance Minister of India Presented Union budget today ,New tax slabs for 2012-2013 for Individuals ,women and Senior citizen will be as follows

Individuals

Ø  Upto Rs 2,00000                                 à  Nil

Ø  Rs 200001- Upto Rs 500000               à  10%

Ø  Rs 500000- Upto Rs 1000000             à  20%

Ø  Above Rs 1000000                               à  30%

Women

Ø  Deduction of Rs 1030/- from various slabs of Individuals

Senior Citizen (Age in between 60-80)

Ø  Upto Rs 250000                                       à Nil

Ø  2500001-Rs 5,00,000                               à 10%

Ø  5,00,001-RS 10,000,00                             à 20%

Ø  Above 10,000,001                                      à 30%

Senior Citizen (Age above 80)

Ø  Upto Rs 500,000                                        à Nil

Ø  5,00,001-RS 10,000,00                              à 20%

Ø  Above 10,000,001                                       à 30%