Friday, 1 March 2013

LIC India - Income tax rates for FY 2013-2014

LIC India - Income tax rates for FY 2013-2014


Income tax rates for FY 2013-2014

Posted: 28 Feb 2013 03:27 AM PST

income tax 2013-14

There is no change in tax slab for the financial year 2013-2014 The slabs are same as last financial year. Here is the details for your reference:

  •  For Individual
Income Group
Tax Rate
0 Upto 2 lakhNill
2,00,001 to 5 lakh10%
5,00,001/- to 10,00,00020%
Above 10 lakh30%
  • For Female Tax payers
Income Group
Tax Rate
0 Upto 2 lakhNill
2,00,001 to 5 lakh10%
5,00,001/- to 10,00,00020%
Above 10 lakh30%
  •  Senior citizens 60 years or more but below the age of 80 years
Income Group
Tax Rate
0 Upto 2.5 lakhNill
2,50,001 lakh to 5 lakh10%
5,00,001/- to 10,00,00020%
Above 10 lakh30%
  •  Senior citizens 80 years or more
Income Group
Tax Rate
0 to 5 lakhNill
5,00,001/- to 10,00,00020%
Above 10 lakh30%

Above Income tax rates are applicable for Individuals and HUFs. You will also need to pay 3% Education Cess.

Disclaimer:
All efforts are made to keep the content as accurate as possible. We take no responsibly of any errors. You are advised to consult your Chartered accountant for any query on income tax.

Email ID:

My LIC India - Life insurance of india

Use this Headline Animator on your Blog/website

Click here to read more about Income tax rates for FY 2013-2014
Be sure to visit LIC of India for other plans.
Have Questions? Ask in our forum: Insurance and investment forum
You can also write reviews, tips, guide and insurance related articles and send it to us for publishing.

'Income tax rates for FY 2013-2014

No comments:

Post a Comment