Income Tax Rate for the F.Y. 2011-12

• 
  
  The Income Tax Rates applicable for the financial year 2011-12 (Assessment year 2012-13) have been revised. The following is the New Income Tax structure for the year 2011-12.
  In case of individual (other than II and III below) and HUF

  	Income Level	Income Tax Rate
  i.	Where the total income does not exceed Rs.1,80,000/-.	NIL
  ii.	Where the total income exceeds Rs.1,80,000/- but does not exceed Rs.5,00,000/-.	10% of amount by which the total income exceeds  Rs. 1,80,000/-
  iii.	Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-.	Rs. 32,000/- + 20% of the amount by which the total income exceeds Rs.5,00,000/-.
  iv.	Where the total income exceeds Rs.8,00,000/-.	Rs. 92,000/- + 30% of the amount by which the total income exceeds Rs.8,00,000/-.

  II. In case of individual being a woman resident in India and below
   the age of 60 years at any time during the previous year:-

  	Income Level	Income Tax Rate
  i.	Where the total income does not exceed Rs.1,90,000/-.	NIL
  ii.	Where total income exceeds Rs.1,90,000/- but does not exceed Rs.5,00,000/-.	10% of the amount by which the total income exceeds Rs.1,90,000/-.
  iii.	Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-.	Rs. 31,000- + 20% of the amount by which the total income exceeds Rs.5,00,000/-.
  iv.	Where the total income exceeds Rs.8,00,000/-	Rs.91,000/- + 30% of the amount by which the total income exceeds Rs.8,00,000/-.

  III. In case of an individual resident who is of the age of 60 years 
  or more at any time during the previous year:-

  	Income Level	Income Tax Rate
  i.	Where the total income does not exceed Rs.2,50,000/-.	NIL
  ii.	Where the total income exceeds Rs.2,50,000/- but does not exceed Rs.5,00,000/-	10% of the amount by which the total income exceeds Rs.2,50,000/-.
  iii.	Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-	Rs.25,000/- + 20% of the amount by which the total income exceeds Rs.5,00,000/-.
  iv.	Where the total income exceeds Rs.8,00,000/-	Rs.85,000/- + 30% of the amount by which the total income exceeds Rs.8,00,000/-.

  IV. In case of an individual resident who is of the age of 
  80 years or more at any time during the previous year:-

  	Income Level	Income Tax Rate
  i.	Where the total income does not exceed Rs.2,50,000/-.	NIL
  ii.	Where the total income exceeds Rs.2,50,000/- but does not exceed Rs.5,00,000/-	Nil
  iii.	Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-	20% of the amount by  which the total income exceeds Rs.5,00,000/-.
  iv.	Where the total income exceeds Rs.8,00,000/-	Rs.60,000/- + 30% of the  amount by which the total income exceeds Rs.8,00,000/-.

  Education Cess: 3% of the Income-tax.