New Income Tax slabs announced by Mr. Pranab Mukherjee (Finance Minister, India)

Men
Up to Rs 1,60,000 – NIL
Rs 1,60,001 to Rs 5,00,000 – 10%
Rs 5,00,001 to Rs 8,00,000 – 20%
Rs 8,00,000 and above – 30%

Women
Up to Rs 1,90,000 – NIL
Rs 1,90,001 to Rs 5,00,000 – 10%
Rs 5,00,001 to Rs 8,00,000 – 20%
Rs 8,00,000 and above – 30%

Senior citizens of 65 years and above
Up to Rs 2,40,000 – NIL
Rs 2,40,001 to Rs 5,00,000 – 10%
Rs 5,00,001 to Rs 8,00,000 – 20%
Rs 8,00,000 and above – 30%