As per the Income Tax Circular vide no 8/2013 Dated 10/10/2013 the Income Tax Slab for Male and Female and Sr.citizen and Most Sr.Citizen it given below :-
A. NORMAL RATE OF TAX
TOTAL INCOME RATE OF TAX
1 Where the total income does not exceed Rs. 2,00,000/-. Nil
2)Where the total income exceeds Rs.
2,00,000 but does not exceed Rs. 5,00,000/-. 10 per cent
3) Where the total income exceeds Rs.
5,00,000/- but does not exceed Rs.10,00,000/-. Rs. 30,000/ plus 20 per cent of the
4) Where the total income exceeds Rs. Rs. 1,30,000/- plus 30 Per cent of the
Rs. 10,00,000/- amount by which the total income
exceeds Rs. 10,00,000/-
B.Rates of tax for every individual, resident in India, who is of the age of sixty years or
more but less than eighty years at any time during the financial year:-
TOTAL INCOME RATE OF TAX
1) Where the total income does not exceed Rs. 2,50,000/ NIL
2) Where the total income exceed Rs.2,50,000 but
does not exceed Rs.5,00,000/- 10%
3) Where the total income exceed Rs. 5,00,000/- but Rs.25,000/- + 20%
does not exceed Rs.10,00,000/-
4) Where the total income exceed Rs.10,00,000/- Rs.1,25,000/- + 30%
C. In case of every individual being a resident in India, who is of the age of eighty years or
more at any time during the financial year:
TOTAL INCOME RATE OF TAX
1) Where the Total Income does not exceed Rs.5,00,000/- NIL
2) Where the Total Income exceed Rs.5,00,000/- but
does not exceed Rs.10,00,000/- 20%
3) Where the Total Income exceed Rs.10,00,000/- Rs.1,00,000/- + 30%
A. NORMAL RATE OF TAX
TOTAL INCOME RATE OF TAX
1 Where the total income does not exceed Rs. 2,00,000/-. Nil
2)Where the total income exceeds Rs.
2,00,000 but does not exceed Rs. 5,00,000/-. 10 per cent
3) Where the total income exceeds Rs.
5,00,000/- but does not exceed Rs.10,00,000/-. Rs. 30,000/ plus 20 per cent of the
4) Where the total income exceeds Rs. Rs. 1,30,000/- plus 30 Per cent of the
Rs. 10,00,000/- amount by which the total income
exceeds Rs. 10,00,000/-
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B.Rates of tax for every individual, resident in India, who is of the age of sixty years or
more but less than eighty years at any time during the financial year:-
TOTAL INCOME RATE OF TAX
1) Where the total income does not exceed Rs. 2,50,000/ NIL
2) Where the total income exceed Rs.2,50,000 but
does not exceed Rs.5,00,000/- 10%
3) Where the total income exceed Rs. 5,00,000/- but Rs.25,000/- + 20%
does not exceed Rs.10,00,000/-
4) Where the total income exceed Rs.10,00,000/- Rs.1,25,000/- + 30%
C. In case of every individual being a resident in India, who is of the age of eighty years or
more at any time during the financial year:
TOTAL INCOME RATE OF TAX
1) Where the Total Income does not exceed Rs.5,00,000/- NIL
2) Where the Total Income exceed Rs.5,00,000/- but
does not exceed Rs.10,00,000/- 20%
3) Where the Total Income exceed Rs.10,00,000/- Rs.1,00,000/- + 30%
