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

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

  1. dear sir,

    For financial year 2013-2014 my salary-Rs704555.81 & interest income 103620.34 and under 80c-100000,& 80D 50000( Total Rs 150000 rebate for my income ) already tax paid 45357 and how much tax will more payment required.

    thank

    gautam kr biswas

  2. income tax rate filling

  3. I already submitted my tax return and refund the cheque reference no CMPS4502886 dated 07 jan 2014 has been refund voucher due to address not complete. Now please advice me that how can I get the refund amount ?.my PAN-AOHPP3920R & Assessment year 2013-2014

  4. please sent tax rate 2014-2015.

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

  6. nice slabs created..

  7. good thing to prepare this

  8. THANKS U

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