Tax slab applicable for 60 years employees
This query is : Resolved
20 August 2014
I like to know about the tax slab for 60 years retired employees?
He/She is 60 years on his retirement.
He/She is 60 years on his retirement.
20 August 2014
Dear Ajay,
The tax slab for senior citizen above the age of 60 years for FY 2014-15 is as under,
Upto Rs. 3,00,000 of income = Zero
From Rs. 3,00,001 to Rs.5,00,000 = 10%
From Rs. 5,00,001 to Rs.10,00,000 = 20%
Above Rs. 10,00,000 = 30%
Note: If Total Income of assessee exceeds Rs.1 crore addition surcharge on tax @10% will be applicable.
The tax slab for senior citizen above the age of 60 years for FY 2014-15 is as under,
Upto Rs. 3,00,000 of income = Zero
From Rs. 3,00,001 to Rs.5,00,000 = 10%
From Rs. 5,00,001 to Rs.10,00,000 = 20%
Above Rs. 10,00,000 = 30%
Note: If Total Income of assessee exceeds Rs.1 crore addition surcharge on tax @10% will be applicable.
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20 August 2014
in current year its a mentin by Mr devanand .
22 August 2014
take 2.5 Lacs instead of Rs. 3 lacs for fy, 13-14
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