Income Tax Rates for Assessment year 2014-2015 (Previous year 2013-14)
Income Tax Rates/Slab for Assessment Year 2014-15 (Previous Year 2013-14) | Rates/ %age |
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) |
Nil |
200,001 – 5,00,000Up to 500,000 (for resident individual of 80 years and above, Tax is nil) | 10%Nil |
5,00,001 – 10,00,000 | 20% |
10,00,001 upwards | 30% |
Tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/-
Surcharge: is 10% is Income tax payable on Individuals whose taxable income is above Rs 1 crore
Education Cess of 3% is also applicable to Income Tax computed as per above slab.
Download Income tax Calculator for free for previous year 2014-2015
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