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Income tax rates for A.Y. 2014 -15

Income tax return filling due date is near and you may be searching for income tax slab.Here I have given chart for income tax rates for A.Y. 2014-15 and F.Y. 2013-14

 Tax rates for other than senior citizen for a.y. 2014-15

For individuals other than senior citizen (60 years or more age) and super senior citizen (80 years or more age)assessee

 

Income

Tax Slabs

Up to Rs 2,00,000

Nil

Rs. 2,00,000 to Rs.5,00,000

10% plus rebate-10% of income up to 2000

Rs. 5,00,000 to 10,00,000

20%

More than Rs. 10,00,000

30%

 

Surcharge -10% when income exceeds Rs. 1 crore

Education and higher education cess-3% on tax and surcharge

 

Tax rates for senior citizen (60 years or more age) for a.y. 2014-15:

 

Income

Tax Slabs

Up to Rs 2,50,000

Nil

Rs. 2,50,000 to Rs.5,00,000

10%

Rs. 5,00,000 to 10,00,000

20%

More than Rs. 10,00,000

30%

 

Surcharge -10% when income exceeds 1 crore

Education and higher education cess-3% on tax and surcharge

 

Income tax rates for super senior citizen (80 years or more age) for a.y. 2014-15:

 

Income

Tax Slabs

Up  to Rs.5,00,000

Nil

Rs. 5,00,000 to 10,00,000

20%

More than Rs. 10,00,000

30%

 

Surcharge -10% when income exceeds 1 crore

Education and higher education cess-3% on tax and surcharge.

 

 

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