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.
Even if the information is accurate, we advise you to double check with the official Income Tax website www.incometaxindia.gov.in
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INCOME TAX SLABS FOR FA (FINANCIAL YEAR) 2013-14 AND AY
(ASSESSMENT YEAR) 2014-15
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Income Tax Slabs for AY2014-15 for Others & Men (FY
(Financial Year) 2013-14)
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S. No.
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Income Range
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% of Tax
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a
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Up to Rs 2,00,000
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No Tax
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b
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2,00,001 to 5,00,000
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10%
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c
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5,00,001 to 10,00,000
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20%
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d
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Above 10,00,000
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30%
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Income Tax Slabs for AY (Assessment Year) 2014-15 for
Resident Senior Citizens above 60 years (FY(Financial Year) 2013-14)
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S. No.
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Income Range
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% of Tax
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a
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Up to Rs 2,50,000
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No tax
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b
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2,50,001 to 5,00,000
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10%
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c
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5,00,001 to 10,00,000
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20%
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d
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Above 10,00,000
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30%
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Income Tax Slabs for AY (Assessment Year) 2014-15 for
Resident Senior Citizens above 80 years (FY(Financial Year) 2013-14)
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S. No.
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Income Range
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% of Tax
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a
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Up to Rs 5,00,000
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No tax
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b
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5,00,001 to 10,00,000
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20%
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c
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Above 10,00,000
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30%
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New Income Tax Slabs for AY(Assessment Year) 2014-15
for Resident Women (below 60 years) (FY (Financial Year)2013-14)
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1
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Up to Rs 2,00,000
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No tax
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2
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2,00,001 to 5,00,000
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10%
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3
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5,00,001 to 10,00,000
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20%
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4
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Above 10,00,000
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30%
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