Income Tax Rate/Slab for Financial Year 2012-13 (AY 2013-14)

I. In case of individual being a resident in India (man & woman) and below the age of 60 years at any time during the financial year:-

	Income Level / Slabs	Income Tax Rate
i.	Where the total income does not exceed Rs. 2,00,000/-.	NIL
ii.	Where the total income exceeds Rs. 2,00,000/- but does not exceed Rs. 5,00,000/-.	10% of amount by which the total income exceeds Rs. 2,00,000/-
iii.	Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.	Rs. 30,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-.
iv.	Where the total income exceeds Rs. 10,00,000/-.	Rs. 1,30,000/- + 30% of the amount by which the total income exceeds Rs. 10,00,000/-.

Education Cess: 2% of the Income-tax.
Sec and Higher Education Cess: 1% of the Income-tax.

II. In case of an individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the financial year:-

	Income Level / Slabs	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. 10,00,000/-	Rs. 25,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-.
iv.	Where the total income exceeds Rs. 10,00,000/-	Rs. 1,25,000/- + 30% of the amount by which the total income exceeds Rs. 10,00,000/-.

Education Cess: 2% of the Income-tax.
Sec and Higher Education Cess: 1% of the Income-tax.

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

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

Education Cess: 2% of the Income-tax.

Sec and Higher Education Cess: 1% of the Income-tax.