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1/14 NIL INCOME TAX LAW AND PRACTO IV. For any other resident individuals HUY, AOP and BOL Ir al income is up to Ir total como tods 1.000 bust does not alreed 500.000 103 of income aceeding 10.000 In total income exceeds 5,00,000 2.00 201 of income coding but does not exceed 8.000000 300.000 If total income exceeds 8,00.000 792.000 301 of income anco 200.000 Surcharge : NIL Education cess: It is to be levied 28 of tax plus Secondary and Higher education des 15 tax for all persons irrespective of income (B) On Special Incomes For short term capital gain on shares which are subject to Security Transaction Tax For long term capital gains 205 For casual incomes (Lotteries, races, puzzles etc.) The detailed application of these rates is given in part III of this book under the chapter "Computation of tax liability." ILLUSTRATION 2. Compute the tax liability in following cases separately for the assessment year 2012-13 Female Senior citizen Other Mrs. X Mr. RXN Mr.BMN Total income Case (a) Case (b) Case ) Case ( 1.26,363 5.40.403 5.15,309 NIL 1.76.900 5.40.403 10.21.306 NIL 97360 5.40.400 11.00.00