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income-tax

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Priya, Delhi

Income Tax Slabs


Income Tax Rates/Slab for Assessment Year 2014-15 (Previous Year 2013-14) (Income tax rates for year 2013-14 and 2012-2013 are same, there is no change in tax slab) Rates/ %age
Up to 2,00,000
Up to 2,00,000 (for women)
Up to 2,50,000 (for resident individual of 60 years till 80 years)
Nil
200,001 – 5,00,000

Up to 500,000 (for resident individual of 80 years and above, Tax is nil)

10%

Nil

5,00,001 – 10,00,000 20%
10,00,001 upwards 30%
Tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/-Surcharge: is 10% is Income tax payable on Individuals whose taxable income is above Rs 1 crore
Education Cess: 3% of the total of Income-tax and Surcharge.
Income Tax Rates/Slab for Assessment Year 2013-14(Previous Year 2012-13) Rates/ %age
Up to 2,00,000
Up to 2,00,000 (for women)
Up to 2,50,000 (for resident individual of 60 years till 80 years)
Nil
200,001 – 5,00,000

Up to 500,000 (for resident individual of 80 years and above, Tax is nil)

10%

Nil

5,00,001 – 10,00,000 20%
10,00,001 upwards 30%
Education Cess: 3% of the total of Income-tax and Surcharge.
Income Tax Rates/Slab for Assessment Year 2012-13 (Previous Year 2011-12) Rates/ %age
Up to 1,80,000
Up to 1,90,000 (for women)
Up to 2,50,000 (for resident individual of 60 years till 80 years)
Nil
180,001 – 5,00,000

Up to 500,000 (for resident individual of 80 years and above, Tax is nil)

10%

Nil

5,00,001 – 8,00,000 20%
8,00,001 upwards 30%
Education Cess: 3% of the total of Income-tax and Surcharge.