Income Tax Slab For F.Y.2013-14 & A.Y.-2014-15

Income tax Slab For Men (Below 60 Year)

Income Tax Rate Tax Percentage
Income up to Rs.2,00,000/- No Tax / Exempt
Income above Rs.2,00,000/- and up to Rs.5,00,000/- 10% (Rebate Rs.2,000/-)*
Income above Rs.5,00,000/- and up to Rs.10,00,000/- 20%
Income Tax Above Rs.10,00,000/- 30%
 

Income tax Slab For Women (Below 60 Year)

Income Tax Rate Tax Percentage
Income up to Rs.2,00,000/- No Tax / Exempt
Income above Rs.2,00,000/- and up to Rs.5,00,000/- 10%
Income above Rs.5,00,000/- and up to Rs.10,00,000/- 20%
Income Tax Above Rs.10,00,000/- 30%
 

Income Tax Slab For Senior Citizen (Above 60 Year)

Income Tax Rate Tax Percentage
Income up to Rs.2,50,000/- No Tax / Exempt
Income above Rs.2,50,000/- and up to Rs.5,00,000/- 10%
Income above Rs.5,00,000/- and up to Rs.10,00,000/- 20%
Income Tax Above Rs.10,00,000/- 30%
 

Income Tax Slab For Super Senior Citizen (Above 80 Year)

Income Tax Rate Tax Percentage
Income up to Rs.5,00,000/- No Tax / Exempt
Income above Rs.5,00,000/- and up to Rs.10,00,000/- 20%
Income Tax Above Rs.10,00,000/- 30%
   

*In addition an rebate of Rs. 2,000/- will be available for income less than Rs 5 lakhs.

There is a Education Cess of 3 per cent on above tax.

There is a surcharge of 10 per cent on persons whose taxable income exceed Rs. 1 crore per year. This will apply to individuals, HUFs, firms and entities with similar tax status.