(AY 2009-10 to AY 2013-14)
I. Individuals other than those specified in II, III, IV below
|
Slab Details |
Rate |
2013-14 |
2012-13 |
2011-12 |
2010-11 |
2009-10 |
|
Basic Exemption Limit |
Nil |
2,00,000 |
1,80,000 |
1,60,000 |
1,60,000 |
1,50,000 |
|
First Slab |
10% |
5,00,000 |
5,00,000 |
5,00,000 |
3,00,000 |
3,00,000 |
|
Second Slab |
20% |
10,00,000 |
8,00,000 |
8,00,000 |
5,00,000 |
5,00,000 |
|
Third Slab |
30% |
Nil |
Nil |
Nil |
Nil |
Nil |
II. Resident Women Assessee other than senior or super senior citizen.
|
Slab Details |
Rate |
2013-14 |
2012-13 |
2011-12 |
2010-11 |
2009-10 |
|
Basic Exemption Limit |
Nil |
NA |
1,90,000 |
1,90,000 |
1,60,000 |
1,80,000 |
|
First Slab |
10% |
NA |
5,00,000 |
5,00,000 |
3,00,000 |
3,00,000 |
|
Second Slab |
20% |
NA |
8,00,000 |
8,00,000 |
5,00,000 |
5,00,000 |
|
Third Slab |
30% |
NA |
Nil |
Nil |
Nil |
Nil |
There is no category of Resident Women Assesse for AY 2013-14.
III. Resident Senior Citizen
|
Slab Details |
Rate |
2013-14 |
2012-13 |
2011-12 |
2010-11 |
2009-10 |
|
Basic Exemption Limit |
Nil |
2,50,000 |
2,50,000 |
2,40,000 |
2,40,000 |
2,25,000 |
|
First Slab |
10% |
5,00,000 |
5,00,000 |
5,00,000 |
3,00,000 |
3,00,000 |
|
Second Slab |
20% |
10,00,000 |
8,00,000 |
8,00,000 |
5,00,000 |
5,00,000 |
|
Third Slab |
30% |
Nil |
Nil |
Nil |
Nil |
Nil |
The age limit for senior citizen was decreased from 65 to 60 years w.e.f. AY 2012-13
IV. Resident Super Senior Citizen
|
Slab Details |
Rate |
2013-14 |
2012-13 |
2011-12 |
2010-11 |
2009-10 |
|
Basic Exemption Limit |
Nil |
5,00,000 |
5,00,000 |
NA |
NA |
NA |
|
First Slab |
20% |
10,00,000 |
8,00,000 |
NA |
NA |
NA |
|
Second Slab |
30% |
Nil |
Nil |
NA |
NA |
NA |
The category super senior citizen is applicable w.e.f. AY 2012-13.
Additional Considerations:
a. In addition to income tax, 2% of Educational Cess and 1% of Secondary Higher Educational cess is also payable on income tax calculated (Rounded off to nearest tens).
b. There used to be Surcharge of 10% on income tax calculated up to AY 2009-10. It is no longer applicable.
c. The categories of Women, Senior and Super Senior citizens are only applicable for Residents. Hence, All the non residents will fall under category I above.
Calculation Procedure:
Slab means the income for which the particular rate is applicable.
The calculation is as follows:
For example, if the income of individual is Rs. 6,50,000/-.
|
Calculation |
Rate |
Income |
Tax |
|
Basic Exemption |
200,000 |
- |
|
|
First Slab |
10% |
300,000 |
30,000 |
|
Second Slab |
20% |
150,000 |
30,000 |
|
Third Slab |
30% |
- |
- |
|
650,000 |
60,000 |
CAclubindia
