Tax slabs for 2012-2013 Budget speech 16th March 2012

Mr.Pranab Mukherjee announced the new tax slabs in his Budget speech on 16th March,2012. The revised tax slab rates are:

Upto 2 lakh rupees - Nil
2 lakh rupees - 5 lakh rupees - 10%
5 lakh rupees - 10 lakh rupees - 20%
10 lakh rupees and above - 30%