(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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