deductions

Tax Slab in India 2013-14-Individual

Income Tax slab rates Assessment Year : 2013-2014

A)     In case of Individual (including women) whose age is not more than sixty years.
Total income up to 2,00,000
Nil
Total income in excess of  2,00,000 up to 5,00,000
10 % of the amount in excess of 2,00,000
Total income in excess of 5,00,000 up to 10,00,000
20 % of the amount in excess of 5,00,000 + 30000
Total income in excess of 10,00,000
30 % of the amount in excess of 10,00,000 + 130000
 
B) In case of resident individual who is of the age of sixty years or more but not more than the age of eighty years during the previous year.
Total income up to 2,50,000
Nil
Total income in excess of 2,50,000 up to 5,00,000
10 % of the amount in excess of 2,50,000
Total income in excess of 5,00,000 up to 10,00,000
20 % of the amount in excess of 5,00,000 + 25,000
Total income in excess of 10,00,000
30 % of the amount in excess of 10,00,000 + 1,25,000
 
C) In case of individual who is of the age of eighty years or more at any time during the previous year.
Total income up to 5,00,000
Nil
Total income in excess of 5,00,000 up to 10,00,000
20 % of the amount in excess of 5,00,000
Total income in excess of 10,00,000
30 % of the amount in excess of 10,00,000 + 1,00,000

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