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Income Tax Structure for the year 2012-13 (Assessment Year 2013-14) The Income Tax Rates applicable

for the financial year 2012-13 (Assessment year 2013-14) have been revised. The following is the New Income Tax structure for the year 2012-13.

In case of individual (other than II and III below) and HUF Income Level Where the total income does not exceed Rs.2,00,000/-. Where the total income exceeds Rs.2,00,000/- but does not exceed Rs.5,00,000/-. Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/-. Income Tax Rate NIL 10% of amount by which the total income exceeds Rs. 2,00,000/-

i. ii.

iii.

iv.

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

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 Where the total income does not exceed Rs.2,00,000/-. Where total income exceeds Rs.2,00,000/- but does not exceed Rs.5,00,000/-. Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/-. Income Tax Rate NIL 10% of the amount by which the total income exceeds Rs.2,00,000/-.

i. ii.

iii.

iv.

Rs. 30,000- + 20% of the amount by which the total income exceeds Rs.5,00,000/-. Rs.1,30,000/- + 30% of the amount Where the total income exceeds by which the total income exceeds Rs.10,00,000/Rs.10,00,000/-.
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but does not exceed Rs. • • • • • Email: tsr.1. ii.but does not exceed Rs.10.000/Income Tax Rate NIL Nil 20% of the amount by which the total income exceeds Rs.5.2. New Rs 50.000/.00. Rs.10. Mobile: 94431 56829 Page 2 Page 2 Education Cess: 3% of the Income-tax. . 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 Where the total income does not exceed Rs.00.10.000/.000/.+ 20% of the amount by which the total income exceeds Rs.000/Where the total income exceeds Rs.2.00.com.00.000/.2.000/Rs. i.000/.00. Rs. Where the total income exceeds Rs.000/-.000 to Rs.25.25.00.00.000/Income Tax Rate NIL 10% of the amount by which the total income exceeds Rs.00.000 tax exemption for retail equity investments Sale of residential property exempt from Capital Gains tax if invested in equity or equipment of an SME.5. 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 Where the total income does not exceed Rs.+ 30% of the amount Where the total income exceeds by which the total income exceeds Rs.2.10.III.000/-. iii. i. ii.10.1.000/Where the total income exceeds Rs.2.50.5.50.000.000/Rs.iyengar@gmail.50.000/.5.40. GST to be operational by August 2012. Deduction on Infrastructure bond raised from Rs.00.but does not exceed Rs. Implementation of Direct Tax Code (DTC) deferred.5.but does not exceed Rs.50.000/-.20.5. IV. iii.+ 30% of the amount Where the total income exceeds by which the total income exceeds Rs.000/-.50.00.10.00.00. iv. iv.000/-. Rs.000/-. Where the total income exceeds Rs.000/.00.000/-.