Is there any change in Income tax slab for F. Y. 2014-2015 from F.Y. 2013-2014. If there is change then please update the calulation sheet or file if you have.
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Change in income tax slab for f.y. 2014-2015
Replies (5)
there are no major changes, but few changes are there in surcharge and also sec 87 is included for those whose salary is below 5 lakhs.
Regards
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New Income tax slab for fy 2014-15 / ay 2014-15 |
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| New Income Tax Slabs for ay 14-15 for Resident Senior Citizens above 60 years (FY 2014-15) | ||
| S. No. | Income Range | Tax percentage |
| 1 | Up to Rs 2,50,000 | No tax / exempt |
| 2 | 2,50,001 to 5,00,000 | 10% |
| 3 | 5,00,001 to 10,00,000 | 20% |
| 4 | Above 10,00,000 | 30% |
| New Income Tax Slabs for ay 14-15 for Resident Senior Citizens above 80 years (FY 2014-15) | ||
| S. No. | Income Range | Tax percentage |
| 1 | Up to Rs 5,00,000 | No tax / exempt |
| 2 | 5,00,001 to 10,00,000 | 20% |
| 3 | Above 10,00,000 | 30% |
| New Income Tax Slabs for ay 14-15 for Resident Women (below 60 years) (FY 2014-15) | ||
| 1 | Up to Rs 2,00,000 | No tax / exempt |
| 2 | 2,00,001 to 5,00,000 | 10% |
| 3 | 5,00,001 to 10,00,000 | 20% |
| 4 | Above 10,00,000 | 30% |
| New Income Tax Slabs for ay 14-15 for Others & Men (FY 2014-15) | ||
| 1 | Up to Rs 2,00,000 | No tax / exempt |
| 2 | 2,00,001 to 5,00,000 | 10% |
| 3 | 5,00,001 to 10,00,000 | 20% |
| 4 | Above 10,00,000 | 30% |
As Per Recent Budget Amendments 2014-15 Upto Rs 2,50,000 Tax is Nil. You can read more on Current Income Tax Slab Here - https://incometaxslabs.co.in/
Wheather Rebate Under Section 87A Rs 2,000 is for FY 14-15
1. Except the Slab for Resident Senior Citizen above 80 Yrs of Age, the Basic Exemtion for the Resident Individual above 60 Yrs of age and Resident Individual both has been increased by Rs. 50000/-
2. Sec 87A regarding Rebate of Rs. 2000/- is still there.
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