Aug 072013
 
tax

In our previous blog we discuss about the Income Tax Rates or Slab for financial year 2012-2013 (Assessment year: 2013-14). Here we will provide more details about ITR. We all would have started to analyse our tax benefits and may also have started savings option to save tax. Below is the Income tax return Rate or Slab that will be used to calculate the Income tax for the year 2013-2014 which is also known as Assessment Year 2014-15.

Income Tax Rates or Slab for financial year 2013-2014 (Assessment year: 2014-15)
For Men
Up to Rs 2,00,000 No tax / exempt
2,00,001 to 5,00,000 10%
5,00,001 to 10,00,000 20%
Above 10,00,000 30%
For Women
Up to Rs 2,00,000 No tax / exempt
2,00,001 to 5,00,000 10%
5,00,001 to 10,00,000 20%
Above 10,00,000 30%
For resident individual of 60 years or above (Senior Citizens)
Up to Rs 2,50,000 No tax / exempt
2,50,001 to 5,00,000 10%
5,00,001 to 10,00,000 20%
Above 10,00,000 30%
For resident individual of 80 years or above (Very Senior Citizens)
Up to Rs 5,00,000 No tax / exempt
5,00,001 to 10,00,000 20%
Above 10,00,000 30%

You can read our articles on Tax savings

Tax Deductions – 80C – Registration and Stamp duty Charges

Tax deductions – 80C – Provident Fund

Housing Loan Principal and Interest Amount Tax Savings

Section 80C – Tuition Fees for Children

If you enjoyed this article, Get email updates (It’s Free)

  Responses to “Income Tax Rates or Slab for financial year 2013-2014 (Assessment year: 2014-15)”

  1. […] For the year 2012-13 income tax filing is over on 5th August 2013. Now many of us would be waiting for tax refund after filing the return. Now you can check your refund status online and can trace it also. You all would be aware that Income tax department has made e-filling compulsory for the income group above 5 lakh. There we had an option to select refund mode, which can be via cheque or by electronic fund transfer. Income Tax Slab for Financial year 2013-14 […]

  2. For assessment year 2014-2015, any tax rebate available for any?

  3. nice slabs created..

  4. good thing to prepare this

  5. THANKS U

 Leave a Reply

(required)

(required)