Tax Information - FY 2013 - 2014
India Income tax slabs 2013-2014 for General tax payers and Women
|
S. No
|
Income tax slab (in Rs.)
|
Tax percentage
|
|
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%
|
Income tax slabs 2013-2014 - for Senior citizen (Aged 60 years but less than 80
years)
|
S. No
|
Income tax slab (in Rs.)
|
Tax percentage
|
|
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%
|
Income tax slabs 2013-2014 - for Very Senior citizen (Above 80 years)
|
S. No
|
Income tax slab (in Rs.)
|
Tax percentage
|
|
3
|
5,00,001 to 10,00,000
|
20%
|
|
4
|
Above 10,00,000
|
30%
|
- In addition an rebate of Rs 2000 will be available for income less than Rs 5 lakhs.
- Income above 1 crore to attract 10% tax surcharge.
Tax Information - FY 2012 - 2013
Income tax slabs 2012-2013 - for General tax payers
|
S. No
|
Income tax slab (in Rs.)
|
Tax percentage
|
|
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%
|
Income tax slabs 2012-2013 - for Female tax payers
|
S. No
|
Income tax slab (in Rs.)
|
Tax percentage
|
|
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%
|
Income tax slabs 2012-2013 - for Senior citizen (Aged 60 years but less than 80
years)
|
S. No
|
Income tax slab (in Rs.)
|
Tax percentage
|
|
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%
|
Income tax slabs 2012-2013 - for Very Senior citizen (Above 80 years)
|
S. No
|
Income tax slab (in Rs.)
|
Tax percentage
|
|
3
|
5,00,001 to 10,00,000
|
20%
|
|
4
|
Above 10,00,000
|
30%
|
Tax Information - FY 2011 - 2012
Income tax slabs 2011-2012 - for General tax payers
|
S. No
|
Income tax slab (in Rs.)
|
Tax percentage
|
|
1
|
Up to Rs 1,80,000
|
No tax / exempt
|
|
2
|
1,80,001 to 5,00,000
|
10%
|
|
3
|
5,00,001 to 8,00,000
|
20%
|
|
4
|
Above 8,00,000
|
30%
|
Income tax slabs 2011-2012 - for Female tax payers
|
S. No
|
Income tax slab (in Rs.)
|
Tax percentage
|
|
1
|
Up to Rs 1,90,000
|
No tax / exempt
|
|
2
|
1,90,001 to 5,00,000
|
10%
|
|
3
|
5,00,001 to 8,00,000
|
20%
|
|
4
|
Above 8,00,000
|
30%
|
Income tax slabs 2011-2012 - for Senior citizen (Aged 60 years but less than 80
years)
|
S. No
|
Income tax slab (in Rs.)
|
Tax percentage
|
|
1
|
0 to 2,50,000
|
No tax / exempt
|
|
2
|
2,50,001 to 5,00,000
|
10%
|
|
3
|
5,00,001 to 8,00,000
|
20%
|
|
4
|
Above 8,00,000
|
30%
|
Income tax slabs 2011-2012 - for Very Senior citizen (Above 80 years)
|
S. No
|
Income tax slab (in Rs.)
|
Tax percentage
|
|
3
|
5,00,001 to 8,00,000
|
20%
|
|
4
|
Above 8,00,000
|
30%
|
For normal category the simple calculation is as follows
Taxable Income in 10% slab maximum tax will be Rs. 32000
Taxable Income in 20% slab maximum tax will be Rs. 32000 + Rs. 60000 total Rs. 92000
Taxable Income in 30% slab minimum tax will be Rs. 92000
Education and other cess will be in addition to this
|