Friday, March 15, 2013

Income Tax Slabs FY 2013-14

For a resident woman (who is below 60 years)
Net income range
Income tax rates
Up to Rs. 2,00,000 Nil
Rs. 2,00,000 – 5,00,000 10% of (total income – 2,00,000)
Rs. 5,00,000 – 10,00,000 30000 + 20% of (total income – 5,00,000)
Above Rs. 10,00,000 130000 + 30% of (total income – 10,00,000)

For a resident senior citizen(who is above 60 years but below 80 years)
Net income range
Income tax rates
Up to Rs. 2,50,000 Nil
Rs. 2,50,000 – 5,00,000 10% of (total income – 2,50,000)
Rs. 5,00,000 – 10,00,000 25,000 + 20% of (total income – 5,00,000)
Above Rs. 10,00,000 1,25,000 + 30% of (total income – 10,00,000)

For a resident super senior citizen(who is above 80 years)
Net income range
Income tax rates
Up to Rs. 5,00,000 Nil
Rs. 5,00,000 – 10,00,000 20% of (total income – 5,00,000)
Above Rs. 10,00,000 1,00,000 + 30% of (total income – 10,00,000)

For any other individual/HUF
Net income range
Income tax rates
Up to Rs. 2,00,000 Nil
Rs. 2,00,000 – 5,00,000 10% of (total income – 2,00,000)
Rs. 5,00,000 – 10,00,000 30,000 + 20% of (total income – 5,00,000)
Above Rs. 10,00,000 1,30,000 + 30% of (total income – 10,00,000)


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