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Income Tax Related
Income Tax Slabs for FY 2013-14 & AY 2014-15
Income Tax Slabs for Financial Year 2013-14 and Assessment Year 2014-15. For this period there is no change in basic tax exemption from what it was in FY 2012-13 and Assessment Year 2013-14. However, the benefit that is available in this financial year is the tax credit of Rs.2000/- for people having an annual income upto Rs.5 lakhs.
In the new tax structure also 20,000 rupees tax exemption availability is maintained on investment in tax saving infrastructure bonds.
| INCOME TAX SLABS FOR FA (FINANCIAL YEAR) 2013-14 AND AY (ASSESSMENT YEAR) 2014-15 | | | | | | Income Tax Slabs for AY2014-15 for Others & Men (FY (Financial Year) 2013-14) | | S. No. | Income Range | % of Tax | | a | Up to Rs 2,00,000 | No Tax | | b | 2,00,001 to 5,00,000 | 10% | | c | 5,00,001 to 10,00,000 | 20% | | d | Above 10,00,000 | 30% | | | | | | Income Tax Slabs for AY (Assessment Year) 2014-15 for Resident Senior Citizens above 60 years (FY(Financial Year) 2013-14) | | S. No. | Income Range | % of Tax | | a | Up to Rs 2,50,000 | No tax | | b | 2,50,001 to 5,00,000 | 10% | | c | 5,00,001 to 10,00,000 | 20% | | d | Above 10,00,000 | 30% | | Income Tax Slabs for AY (Assessment Year) 2014-15 for Resident Senior Citizens above 80 years (FY(Financial Year) 2013-14) | | S. No. | Income Range | % of Tax | | a | Up to Rs 5,00,000 | No tax | | b | 5,00,001 to 10,00,000 | 20% | | c | Above 10,00,000 | 30% | | New Income Tax Slabs for AY(Assessment Year) 2014-15 for Resident Women (below 60 years) (FY (Financial Year)2013-14) | | 1 | Up to Rs 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% | http://incometaxforngos.blogspot.in/
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