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Income tax rates for FY 2013-2014

income tax 2013-14

There is no change in tax slab for the financial year 2013-2014 The slabs are same as last financial year. Here is the details for your reference:

  •  For Individual
Income Group
Tax Rate
0 Upto 2 lakhNill
2,00,001 to 5 lakh10%
5,00,001/- to 10,00,00020%
Above 10 lakh30%
  • For Female Tax payers
Income Group
Tax Rate
0 Upto 2 lakhNill
2,00,001 to 5 lakh10%
5,00,001/- to 10,00,00020%
Above 10 lakh30%
  •  Senior citizens 60 years or more but below the age of 80 years
Income Group
Tax Rate
0 Upto 2.5 lakhNill
2,50,001 lakh to 5 lakh10%
5,00,001/- to 10,00,00020%
Above 10 lakh30%
  •  Senior citizens 80 years or more
Income Group
Tax Rate
0 to 5 lakhNill
5,00,001/- to 10,00,00020%
Above 10 lakh30%

Above Income tax rates are applicable for Individuals and HUFs. You will also need to pay 3% Education Cess.

Disclaimer:
All efforts are made to keep the content as accurate as possible. We take no responsibly of any errors. You are advised to consult your Chartered accountant for any query on income tax.

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