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Income Tax Slabs for Assessment Year 2012 – 2013

Monday, April 23, 2012 by Indian Real Estate News

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Assessment Year 2013-14 Relevant To Financial Year 2012-13

I Tax Rates For Individuals Other Than II, III & IV Below
Upto 2,00,000 - Nil
2,00,000 to 5,00,000 - 10% of the amount exceeding 2,00,000
5,00,000 to 10,00,000 - Rs.30,000 + 20% of the amount exceeding 5,00,000
10,00,000 & above - Rs.130000 + 30% of the amount exceeding 10,00,000

II Tax Rates For Resident Women Below 60 Years
Upto 2,00,000 - Nil
2,00,000 to 5,00,000 - 10% of the amount exceeding 2,00,000
5,00,000 to 10,00,000 - Rs.30,000 + 20% of the amount exceeding 5,00,000
10,00,000 & above - Rs130000+ 30% of the amount exceeding 10,00,000

III Tax Rates For Individual Residents Aged 60 Yrs And Above & Below 80 Years (Senior Citizen)
Upto 2,50,000 - Nil
2,50,000 to 5,00,000 - 10% of the amount exceeding 2,50,000
5,00,000 to 10,00,000 - Rs.25,000 + 20% of the amount exceeding 5,00,000
10,00,000 & above - Rs.125000 + 30% of the amount exceeding 10,00,000

IV Tax Rates For Individual Residents Aged 80 Yrs And Above (Very Senior Citizen)
Upto 5,00,000 - Nil
5,00,000 to 10,00,000 - 20% of the amount exceeding 5,00,000
10,00,000 & above - Rs.100000 + 30% of the amount exceeding 8,00,000
There is no surcharge in the case of every individual, Hindu undivided family, Association of persons and body of individuals
 

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Best Performing Mutual Funds

    1. Largecap Funds:
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      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
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      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    4. Small and MicroCap Funds
      1. DSP BlackRock MicroCap Fund
    5. Sector Funds
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    6. Gold Mutual Funds
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

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