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IT Rates for FY 2012-13 and AS 2013-14
Ads by Google
by
Rajesh Goyal
The following IT RATES WERE applicable for the Financial Year ending March 31, 2014 (Financial
Year 2013-14)-Assessment Year 2014-15):
Latest Income Tax Slabs in India-
(FY 2016-17 or AS 2017-18)
Income Range
General (non-senior citizens) Category
Women (Below 60 years of age)
(This category is abolished from this year and is thus is same as that of
General Category
Senior Citizens (Men and Women above 60 years of age), but below 80 years
Very Senior Citizens (Men and Women above 80 years of age)
Upto Rs. 2,00,000
Nil
Nil
Nil
Nil
Rs. 2,00,001 to Rs. 2,50,000
10% *
10% *
Nil
Nil
Rs. 2,50,001 to Rs. 5,00,000
10% *
10% *
10% *
Nil
Rs. 5,00,001 to Rs. 10,00,000
20%
20%
20%
20%
Above Rs. 10,00,000
30% **
30% **
30% **
30%**
* A tax rebate of Rs 2,000 from tax calculated will be available for people
having an annual income upto Rs 5 lakh. However, this benefit of
Rs2,000 tax credit will not be available if you cross the income range of Rs 5
lakh. Thus we can say that tax payable in 10% slab will be maximum
Rs28,000 (taking into account Rs 2000 tax credit), but for people who fall in
income range of Rs5 lakh and above, the tax will be Rs30,000 + 20% tax on income
above Rs 5 lakh;
** Surcharge of 10% will be payable, if income is above Rs 1 crore
Are You Planning
to Avail your LFC or Other Holidays with your Family in
India or Abroad. You can try to
simply fill Form Given and You are likely to be
called by upto four Tour Operators from whom you
can check the rates and other details. Compare
them and if you like finally book the Travel Agent Which you
Like.
-
Major changes in Income Tax Returns (FY 2013 - 14
or AY 2014-15)
by
Ankur Srivastava (uploaded on
06/07/2014)
You can give your feedback / comments about this Article. Please give only relevant comments as irrelevant comments are
waste of time for yourself and our other readers.
blog comments powered by Disqus
|
Ads by Google by Rajesh Goyal
The following IT RATES WERE applicable for the Financial Year ending March 31, 2014 (Financial Year 2013-14)-Assessment Year 2014-15):
Latest Income Tax Slabs in India- (FY 2016-17 or AS 2017-18)
* A tax rebate of Rs 2,000 from tax calculated will be available for people having an annual income upto Rs 5 lakh. However, this benefit of Rs2,000 tax credit will not be available if you cross the income range of Rs 5 lakh. Thus we can say that tax payable in 10% slab will be maximum Rs28,000 (taking into account Rs 2000 tax credit), but for people who fall in income range of Rs5 lakh and above, the tax will be Rs30,000 + 20% tax on income above Rs 5 lakh; ** Surcharge of 10% will be payable, if income is above Rs 1 crore
Are You Planning to Avail your LFC or Other Holidays with your Family in India or Abroad. You can try to simply fill Form Given and You are likely to be called by upto four Tour Operators from whom you can check the rates and other details. Compare them and if you like finally book the Travel Agent Which you Like.
Major changes in Income Tax Returns (FY 2013 - 14 or AY 2014-15) by Ankur Srivastava (uploaded on 06/07/2014)
|
