Tax Finance Info: Income Tax Slab Rate

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<b><span style="font-size: large;"><u><i>Income Tax Slab Rate F.Y. 2012-13 & A.Y 13-14</i></u></span></b></div>
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<b>     (A) Individual (Male/Female) / HUF / AOP / BOI and every artificial juridical person</b></div>
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                  Income                                                           Rate of Tax</div>
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     Upto 2,00,000 Rs.                                                            NIL</div>
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     2,00,001 to 5,00,000 Rs.                                                 10% [10% of above 2,00,000]</div>
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     5,00,001 to 10,00,000 Rs.                                               20% [30,000 + 20% of above 5,00,000]</div>
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     Above 10,00,001 Rs.                                                       30% [1,30,000 + 30% of above 10,00,000]<br />
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<b>     (B) For resident Individual of the <u>age of 60 years or more but less than 80 years </u>at any time during the previous year</b></div>
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                  Income                                                           Rate of Tax</div>
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     Upto 2,50,000 Rs.                                                            NIL</div>
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     2,50,001 to 5,00,000 Rs.                                                  10% [10% of above 2,50,000]</div>
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     5,00,001 to 10,00,000 Rs.                                                20% [25,000 + 20% of above 5,00,000]</div>
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     Above 10,00,001 Rs.                                                        30% [1,25,000 + 30% of above 10,00,000]</div>
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<b>     (C) For resident Individual of the <u>age of 80 years or more</u> at any time during the previous year</b></div>
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                  Income                                                           Rate of Tax</div>
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     Upto 5,00,000 Rs.                                                            NIL</div>
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     5,00,001 to 10,00,000 Rs.                                                20% [20% of above 5,00,000]</div>
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     Above 10,00,001 Rs.                                                        30% [1,00,000 + 30% of above 10,00,000]</div>
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<b>[2] Co-operative Soceity</b></div>
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                  Income                                                           Rate of Tax</div>
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     Upto 10,000 Rs.                                                               10% [10% of 10,000]</div>
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     10,001 to 20,000 Rs.                                                        20% [1000 + 20% of above 10,000]</div>
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     Above 20,001 Rs.                                                             30% [3000 + 30% of above 10,00,000]</div>
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<b>[3] Firm / Limited Liability Partnership (LLP)</b></div>
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     The tax rate for Firm/LLP will be <b><u>30% </u></b>for the F.Y. 2012-13 on the total income of the Firm/LLP.</div>
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<b>[4] Local Authority</b></div>
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     The tax rate for Local Authority will be<b style="text-decoration: underline;"> 30%</b> for the F.Y. 2012-13 on the total income of the Local Authority.</div>
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<b>[5] Company </b></div>
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     In case of a Domestic Compay                    30% of the total income</div>
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     In case of a Foreign Compay                       40% of the total income</div>
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<u>Surcharge</u></h3>
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The rate of surcharge for the A.Y. 2013-14 are as follows</div>
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<b>(1) Individual (Male/Female) / HUF / AOP / BOI and artificial juridical person </b><br />
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     - No Surcharge<br />
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<b>(2) Co-operative Soceity/ Local Authority                                                       </b><br />
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     - No Surcharge<br />
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<b>(3) Firm / Limited Liability Partnership (LLP)                                                   </b><br />
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     - No Surcharge<br />
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<b>(4) Domestic Company </b><br />
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     - Surcharge is applicable at the <b><u>rate of 5% of Income Tax</u></b> if the <b><u>total income exceeds Rs. 1 Crore</u></b><br />
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<b>(5) Foreign Company</b><br />
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     - Surcharge is applicable at the <b>rate of 2% of Income Tax</b> if the <b><u>total income exceeds Rs. 1 Crore</u></b><br />
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Income Tax Slab Rate F.Y. 2012-13 & A.Y 13-14

Income Tax Slab Rate F.Y. 2012-13 & A.Y 13-14 (A) Individual (Male/Female) / HUF / AOP / BOI and every artificial juridical ...

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