Income tax rates-AY 13-14

 

INCOME SLAB TAX EDU. CESS HIGHER EDU. CESS
IndividualĀ  (Below 60 years of age)
Rs. 200000 to Rs. 500000 10% of (total incomeĀ  – Rs. 200000) 2% 1%
Rs. 500000 to Rs. 1000000 Rs. 30000 + 20% of (total income – Rs. 500000) 2% 1%
Above 1000000 Rs. 1300000 + 30% of (total income – Rs. 1000000) 2% 1%
Individual (SENIOR CITIZEN) (60 years and above but less than 80 Years)
Upto Rs. 250000 NIL NIL NIL
Rs. 250000 to Rs. 500000 10% of (total incomeĀ  – Rs. 250000) 2% 1%
Rs. 500000 to Rs. 1000000 Rs. 25000 + 20% of (total income – Rs. 500000) 2% 1%
Above 1000000 Rs. 125000 + 30% of (total income – Rs. 1000000) 2% 1%
Individual (VERY SENIOR CITIZEN) (80 years and above)
Upto Rs. 500000 NIL NIL NIL
Rs. 500000 to Rs. 1000000 20% of (total income – Rs. 500000) 2% 1%
Above 1000000 Rs. 100000 + 30% of (total income – Rs. 1000000) 2% 1%



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