As per the new budget announced on 28 Feb 2012, our Finance Minister P Chidamabaram yet has not increases tax slabs for any category in financial year 2013 – 2014 but special tax will be there who are earning more than one crore. This will give little relief who are earning between 2 to 3 Lakhs.

Income-Tax-Slab-for-Financial-Year-2013-14, Income Tax Slabs for FY 2013 - 14, New Tax Slabs for 13 - 14, New Tax Slabs, Tax Slabs for Financial Year 13 - 14

The new Tax Slabs for different categories are:

Tax Slabs for FY – 13 – 14 (AY  13-14)

New Income Tax Slabs for ay 13-14 Men  (Financial Year 2013 – 2014)

New Income Tax Slabs for ay 13-14 Men  
1 Up to Rs 200,000 No tax / exempt
2 200,000 to 5,00,000 10%
3 5,00,001 to 8,00,000 20%
4 Above 8,00,000 30

New Income Tax Slabs for ay 13-14 for Senior Citizens above 60 years 

 

New Income Tax Slabs for ay 13-14 for Senior Citizens above 60 years 
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 8,00,000 20%
4 Above 8,00,000 30%

 

New Income Tax Slabs for ay 13-14 for Very Senior Citizens above 80 years:

 

New Income Tax Slabs for ay 13-14 for Very Senior Citizens above 80 years 
S. No. Income Range Tax percentage
1 Up to Rs 5,00,000 No tax / exempt
2 5,00,001 to 8,00,000 20%
3 Above 8,00,000 30%

 

Income Tax Slabs for ay 13-14  for Women (below 60 years) 

 

Income Tax Slabs for ay 13-14  for Women (below 60 years)  
1 Up to Rs 2,00,000 No tax / exempt
2 200,000 to 5,00,000 10%
3 5,00,001 to 8,00,000 20%
4 Above 8,00,000 30%

 

About the Author:

Divya – who has written posts on Just To Inform.


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