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Latest Income tax slabs for FY 2013-2014

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Latest Income tax slabs for FY 2013-2014

Postby kingmaker » Mon Apr 01, 2013 2:44 pm

Here is the latest income tax slab rates for Year 2013-2014. This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 2013-14.

Table of the latest income tax slab rate for individuals for year 2013-2014. It is based on union budget 2013-2014 presented on 28 February 2013.

India Income tax slabs 2013-2014 for General tax payers and Women:

Income tax slab (in Rs.) - Tax
1. 0 to 2,00,000 - No tax
2. 2,00,001 to 5,00,000 - 10%
3. 5,00,001 to 10,00,000 - 20%
4. Above 10,00,000 - 30%
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Re: Latest Income tax slabs for FY 2013-2014

Postby kingmaker » Mon Apr 01, 2013 2:45 pm

India Income tax slabs 2013-2014 for Senior citizens (Aged 60 years but less than 80 years)

Income tax slab (in Rs.) -Tax
1. 0 to 2,50,000 - No tax
2. 2,50,001 to 5,00,000 -10%
3. 5,00,001 to 10,00,000 - 20%
4. Above 10,00,000 - 30%
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Re: Latest Income tax slabs for FY 2013-2014

Postby kingmaker » Mon Apr 01, 2013 2:47 pm

India Income tax slabs 2013-2014 for very senior citizens (Aged 80 and above)

Income tax slab (in Rs.) - Tax
1. 0 to 5,00,000 - No tax
2. 5,00,001 to 10,00,000 - 20%
3. Above 10,00,000 - 30%
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Re: Latest Income tax slabs for FY 2013-2014

Postby kingmaker » Mon Apr 01, 2013 2:48 pm

a. In addition an rebate of Rs 2000 will be available for income less than Rs 5 lakhs.

b. Income above 1 crore to attract 10% tax surcharge.
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