| Tax and Interest Calculators |
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| Here is the latest income tax slab rates for Year 2011-2012. This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 2011-12. Quick highlights Base slab for general tax payers increased to 1.8 lakh from original 1.6 lakh Senior citizen age reduced to 60 years from last years 65 years. Senior citizen now include people between 60 and 80 years. Also increased the base slab for senior citizen to 2.5 lakh from previous years 2.4 lakh A new category called "Very Senior citizen" added for people above 80 years. |
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| Income Tax Interest Calculator : If you owe tax to the IT department and you missed the last date of filing (31st July) then interest is levied as per section 234A, 234B and 234C. The simple to use calculator here calculates the interest payable for you. |
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