8 Simple Ways to Save Your Taxes

Bangalore: Tax planning - Do you find it complicated and boring? If you keep delaying it or don't do it at all, you will lose many opportunities of investing your money in some tax benefit schemes. Paying higher tax is not a wise man's work, instead you must learn about how to invest smartly and save tax thereon. Spend some time on organizing your tax plan as it will help you save money, as reported by simpletaxindia.net

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The following is the necessary information that you need to know to do your tax planning properly for financial year 2012-2013 and assessment year 2013-2014:

Tax Slabs

A. In Case of General Assesses (Both Male & Female):

Income Bracket 0 to Rs.2,00,000 - Rate 0 percent

Income Bracket Rs.2,00,001 to Rs.5,00,000 - Rate10 percent

Income Bracket Rs.5,00,001 to Rs.10,00,000 - Rate 20 percent

Income Bracket Above Rs.10,00,000 - Rate 30 percent

Also Read: NRIs in US: Know About Tax Implications while Making Gifts