New Income Tax Slabs 2012-2013

Income upto Rs.2 lakhs per annum has been exempted from the Tax.

Income between Rs 2 lakhs to Rs. 5 lakhs per annum, will draw 10% income tax.

Income between Rs 5 lakhs to Rs. 10 lakhs per annum, will draw 20% income tax.

Income above Rs. 10 lakhs per annum will draw 30% income tax.

http://marketlive.in/market-beat/income-tax-slab-changes-in-union-budget-2012/

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