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.
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