Financial Year 2013-14: Income Tax Rates..!


For Individuals, Hindu Undivided Family, Association of Persons, Body of Individuals & Artificial juridical persons..!

Total Income                          Tax Rates

Up to Rs. 200,000 (a) (b)              NIL
Rs. 200,001 to Rs. 500,000 (e)      10 %
Rs. 500,001 to Rs. 1,000,000        20 %
Rs. 1,000,001 and above               30 %

(a) In the case of a resident individual of the age of 60 years or / above but
below  80 years, the basic exemption limit is Rs. 2.50,000.

(b) In case of a resident individual of age of 80 years or above, the basic
exemption limit is Rs. 5.00,000.

(c) Surcharge at 10% is applicable on income exceeding Rs. 1 crore;
Marginal relief for such person is available.

(d) Education cess is applicable at 3% on income tax plus surcharge.

(e) Finance Bill 2013 proposes a rebate of Rs. 2,000 for individual having total
income upto Rs. 5 Lacs.

Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

Liberty General Insurance Continues to Drive Insurance Awareness

Liberty General Insurance Continues to Drive Insurance Awareness and Inclusion with 'Suraksha ka Vaada Bima ke Saath' Initiative A...