Personal Taxation

In today's busy world assessing one's tax well in advance and investing in right tax saving products with optimum returns seems to be a difficult task, with this also comes the pain of standing in long queues for filing the tax returns timely.

We prefer to take a proactive vs. reactive approach to tax services. As Indian economy is transforming into a developed economy, we, by keeping current on new tax laws and legislation, are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they desire throughout the year. Tax services offered include

  • Tax planning for individuals
  • Return preparation for Individuals

Income tax slab 2012-2013

Tax exemption limit raised to Rs 2 lakhs and tax rates has changed for other slabs too.



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%

e-Filing of Returns

  • The process of electronically filing Income tax returns through the internet is known as e-Filing.
  • e-filing is possible with or without digital signature.

e-Filing Process At a glance

  • Select appropriate type of Return Form
  • Download Return Preparation Software for selected Return Form.
  • Fill your return offline and generate a XML file.
  • Register and create a user id/password
  • Login and click on relevant form on left panel and select "Submit Return"
  • Browse to select XML file and click on "Upload" button
  • On successful upload acknowledgement details would be displayed. Click on "Print" to generate printout of acknowledgement/ITR-V Form.
  • Incase the return is digitally signed, on generation of "Acknowledgement" the Return Filing process gets completed. You may take a printout of the Acknowledgement for your record.
  • Incase the return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowledgement cum verification form (ITR-V). A duly signed ITR-V form should be submitted to CPC using Ordinary Post or Speed Post within 120 days of transmitting the data electronically. This completes the Return filing process for non-digitally signed Returns.



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