Senior citizen income tax a.y. 2014-15 limit

This query is : Resolved

Share Report Follow Query Ask a Query

Bharatkumar Ramanlal Patel

Bharatkumar Ramanlal Patel (Querist)
Follow

14 May 2014 I want to know about senior citizen income tax limit

Rupesh Jain

Rupesh Jain (Expert)
Follow

14 May 2014 rs. 250000/-
no tax

250000-500000 10%
500000-10 lacs 20%
above 10 lacs 30%

Sandeep Dharar

Sandeep Dharar (Expert)
Follow

14 May 2014 • For a resident senior citizen (who is 60 years or more at any time during the previous year but less thar
years on the last day of the previous year, i.e., born during April 1, 1933 and March 31, 1953)—

Net income range j Education cess Secondary and
higher educatior
cess
Up to Rs. 2,50,000 Nil Nil Nil
Rs. 2,50,000 - Rs. 10% of (total income minus Rs. 2,50,000) 2% of income-tax 1% of income-tap
5,00,000
Rs. 5,00,000 - Rs. Rs. 25,000 + 20% of (total income minus 2% of income-tax 1% of income-tap
10,00,000 Rs. 5,00,000)

Above Rs. 10,00,000 Rs. 1,25,000 + 30% of (total income minus 2% of income-tax 1% of income-ta)
Rs. 10,00,000)
• For a resident super senior citizen (who is 80 years or more at any time during the previous year, i.e., bi before April 1, 1933)—

Net income range Income-tax rates Secondary and
higher education
cess
Up to Rs. 5,00,000 Nil Nil Nil
Rs. 5,00,000 - Rs. 20% of (total income minus Rs. 5,00,000) 2% of income-tax 1% of income-tax
10,00,000
Above Rs. 10,00,000 Rs. 1,00,000 + 30% of (total income minus 2% of income-tax 1% of income-tax
Rs. 10,00,000)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

tpksathyan narayanan

SHYAM SUNDER GULATI

Smrity

atul kumar soni

S N Unni

Subscribe Now

Senior citizen income tax a.y. 2014-15 limit

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

CA Final

GST CONSULTANT

GST CONSULTANCY

Senior Executive

Accountant