(AY 2009-10 to AY 2013-14)
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I. Individuals other than those specified in II, III, IV below
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Slab Details
Rate
2013-14
2012-13
2011-12
2010-11
2009-10
Basic Exemption Limit
Nil
2,00,000
1,80,000
1,60,000
1,60,000
1,50,000
First Slab
10%
5,00,000
5,00,000
5,00,000
3,00,000
3,00,000
Second Slab
20%
10,00,000
8,00,000
8,00,000
5,00,000
5,00,000
Third Slab
30%
Nil
Nil
Nil
Nil
Nil
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II. Resident Women Assessee other than senior or super senior citizen.
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Slab Details
Rate
2013-14
2012-13
2011-12
2010-11
2009-10
Basic Exemption Limit
Nil
NA
1,90,000
1,90,000
1,60,000
1,80,000
First Slab
10%
NA
5,00,000
5,00,000
3,00,000
3,00,000
Second Slab
20%
NA
8,00,000
8,00,000
5,00,000
5,00,000
Third Slab
30%
NA
Nil
Nil
Nil
Nil
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There is no category of Resident Women Assesse for AY 2013-14.
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III. Resident Senior Citizen
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Slab Details
Rate
2013-14
2012-13
2011-12
2010-11
2009-10
Basic Exemption Limit
Nil
2,50,000
2,50,000
2,40,000
2,40,000
2,25,000
First Slab
10%
5,00,000
5,00,000
5,00,000
3,00,000
3,00,000
Second Slab
20%
10,00,000
8,00,000
8,00,000
5,00,000
5,00,000
Third Slab
30%
Nil
Nil
Nil
Nil
Nil
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The age limit for senior citizen was decreased from 65 to 60 years w.e.f. AY 2012-13
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IV. Resident Super Senior Citizen
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Slab Details
Rate
2013-14
2012-13
2011-12
2010-11
2009-10
Basic Exemption Limit
Nil
5,00,000
5,00,000
NA
NA
NA
First Slab
20%
10,00,000
8,00,000
NA
NA
NA
Second Slab
30%
Nil
Nil
NA
NA
NA
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The category super senior citizen is applicable w.e.f. AY 2012-13.
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Additional Considerations:
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a. In addition to income tax, 2% of Educational Cess and 1% of Secondary Higher Educational cess is also payable on income tax calculated (Rounded off to nearest tens).
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b. There used to be Surcharge of 10% on income tax calculated up to AY 2009-10. It is no longer applicable.
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c. The categories of Women, Senior and Super Senior citizens are only applicable for Residents. Hence, All the non residents will fall under category I above.
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Calculation Procedure:
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Slab means the income for which the particular rate is applicable.
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The calculation is as follows:
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For example, if the income of individual is Rs. 6,50,000/-.
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Calculation
Rate
Income
Tax
Basic Exemption
??? 200,000
??????????? -??
First Slab
10%
??? 300,000
??? 30,000
Second Slab
20%
??? 150,000
??? 30,000
Third Slab
30%
???????????? -??
??????????? -??
??? 650,000
??? 60,000
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