What is the income tax rate applicable for IPCC November 2013.?
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Income tax rate.
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| Originally posted by : Nikhil | ||
 |
What is the income tax rate applicable for IPCC November 2013.? |
 |
Same as May 2013, i.e. AY 2013-14
Rates of Income Tax for A/Y 2013-2014
For an Individual (man or woman), resident in India who is of the age of 60 years or more at any time during the P/Y. [Senior Citizen]
|
Upto Rs. 2,50,000 |
Nil |
|
Rs. 2,50,001 to Rs. 5,00,000 |
10% |
|
Rs. 5,00,001 to Rs. 10,00,000 |
20% |
|
Above Rs. 10,00,000 |
30% |
For individual (man or woman), resident in India who is of the age of 80 years at any time during the P/Y [Very Senior Citizen]
|
Upto Rs. 5,00,000 |
Nil |
|
Rs. 5,00,001 to Rs. 10,00,000 |
20% |
|
Above Rs. 10,00,000 |
30% |
Individuals (both man and woman), [other than those mentioned in above] HUF.
|
Upto Rs. 2,00,000 |
Nil |
|
Rs. 2,00,001 to Rs. 5,00,000 |
10% |
|
Rs. 5,00,001 to Rs. 10,00,000 |
20% |
|
Above Rs. 10,00,000 |
30% |
Note:-
In case of non-residents only general slab rate of 2,00,000 is applicable. Special rates of senior citizen and very senior citizen are applicable only for resident in India.
'Education Cess' @ 2% and SHEC @ 1% on income tax shall be chargeable.
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