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Tax slab applicable for 60 years employees

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(Querist)
20 August 2014 I like to know about the tax slab for 60 years retired employees?

He/She is 60 years on his retirement.
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
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.
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Rupesh Jain

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Rupesh Jain (Expert)
20 August 2014 in current year its a mentin by Mr devanand .
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CA P K AGRAWAL

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CA P K AGRAWAL (Expert)
22 August 2014 take 2.5 Lacs instead of Rs. 3 lacs for fy, 13-14
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