A large section of income tax payers in the country has been disappointed by finance minister of india , Pranab Mukherjee made a very small raise in the exemption limit in his Budget .
India Income tax slabs 2012-2013 for General tax payers
Income tax slab (in Rs.)
|
Tax
|
0 to 2,00,000
|
No tax
|
2,00,001 to 5,00,000
|
10%
|
5,00,001 to 10,00,000
|
20%
|
Above 10,00,000
|
30%
|
India Income tax slabs 2012-2013 for Female tax payers
Income tax slab (in Rs.)
|
Tax
|
0 to 2,00,000
|
No tax
|
2,00,001 to 5,00,000
|
10%
|
5,00,001 to 10,00,000
|
20%
|
Above 10,00,000
|
30%
|
India Income tax slabs 2012-2013 for Senior citizens (Aged 60 years but less than 80 years)
Income tax slab (in Rs.)
|
Tax
|
0 to 2,50,000
|
No tax
|
2,50,001 to 5,00,000
|
10%
|
5,00,001 to 10,00,000
|
20%
|
Above 10,00,000
|
30%
|
India Income tax slabs 2012-2013 for very senior citizens (Aged 80 and above)
Income tax slab (in Rs.)
|
Tax
|
0 to 5,00,000
|
No tax
|
5,00,001 to 10,00,000
|
20%
|
Above 10,00,000
|
30%
|
So start saving under 80c in LIC .
for LIC new plans 2012 visit http://www.licbangalore.co.in/
or http://www.firstconsultant.in/
for LIC new plans 2012 visit http://www.licbangalore.co.in/
or http://www.firstconsultant.in/
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