Income Tax Rates Assessment Year 2013-14 (Previous year 2012-13)

Tax Slab/ Income Tax Rates

Assessment Year 2013-14 (FY 2012-13) Tax Slab/ Income Tax Rates
Income Tax Rates/Slab for Assessment Year 2013-14 (Previous Year 2012-13) Up to 2,00,000 Up to 2,00,000 (for women) Up to 2,50,000 (for resident individual of 60 years till 80 years) 200,001 5,00,000 Up to 500,000 (for resident individual of 80 years and above, Tax is nil) 5,00,001 10,00,000 10,00,001 upwards No enhanced limit for women. Men and women are treated same now. Download Income Tax Calculator for Financial year 2012-2013 Rate(%age) NIL 10 Nil 20 30

Income Tax rates applicable for A.Y. 2008-09

Tax Rates as applicable for different persons for the A.Y. 2008-09 are as under: For resident woman (who is below 65 years of age at any time during the previous year: Net Income range Upto Rs. 1,45,000 Income Tax rates Nil Surcharge Nil Education Cess Nil

Rs. 1,45,000- Rs. 1,50,000 Rs. 1,50,000- Rs 2,50,000 Rs. 2,50,000- Rs 10,00,000 Above Rs. 10,00,000

10% of (total income Nil minus Rs. 1,45,000) Rs. 500 + 20% of (total income minus Rs. 1,50,000) Nil Rs. 20,500 + 30% of (total income minus Rs. 2,50,000) Nil Rs. 2,45,500 + 30% of (total income minus Rs. 10,00,000) 10% of I. Tax

3% of Income Tax

3% of Income Tax 3% of Income Tax 3% of Income Tax

For resident senior citizen (who is 65 years or more of age at any time during the previous year: Net Income range Upto Rs. 1,95,000 Rs. 1,50,000- Rs 2,50,000 Rs. 2,50,000- Rs 10,00,000 Above Rs. 10,00,000 Income Tax rates Surcharge Education Cess Nil 3% of Income Tax 3% of Income Tax 3% of Income Tax

Nil Nil 20% of (total income minus Rs. 1,95,000) Nil Rs. 11,000 + 30% of (total income minus Rs. 2,50,000) Nil Rs. 2,36,000 + 30% of (total income minus Rs. 10,00,000) 10% of I. Tax

For any other individual, every HUF/AOP/BOI/artificial judicial personNet Income range Upto Rs. 1,10,000 Rs. 1,10,000- Rs. 1,50,000 Rs. 1,50,000- Rs 2,50,000 Rs. 2,50,000- Rs 10,00,000 Above Rs. 10,00,000 Income Tax rates Surcharge Education Cess Nil 3% of Income Tax

Nil Nil 10% of (total income Nil minus Rs. 1,45,000) Rs. 4,000 + 20% of (total income minus Rs. 1,50,000) Nil Rs. 24,000 + 30% of (total income minus Rs. 2,50,000) Nil Rs. 2,49,000+ 30% of (total income minus Rs. 10,00,000) 10% of I. Tax

3% of Income Tax 3% of Income Tax 3% of Income Tax

Firms:A firm is taxable at the rate of 30% for the Assessment Year 2008-09.

Surcharge: 10% of Income Tax if net income exceeds Rs. 1 crore. Nil if income does not exceed Rs. 1 Crore. Companies:A domestic company is taxable at the rate of 30% for the Assessment Year 2008-09. Surcharge: 10% of Income Tax if net income exceeds Rs. 1 crore. Nil if income does not exceed Rs. 1 Crore.