INCOME TAX RATE
For GENERAL taxpayers Up to Rs 160,000 --Nil
Rs 160,001 to Rs 300,000 --10 per cent
Rs 300,001 to Rs 500,000 --20 per cent
Rs 500,001 and above --30 per cent
For WOMEN taxpayers Up to Rs 190,000 --Nil
Rs 190,001 to Rs 300,000 --10 per cent
Rs 300,001 to Rs 500,000 --20 per cent
Rs 500,001 and above --30 per cent
For SENIOR CITIZENS Up to Rs 240,000 --Nil
Rs 240,001 to Rs 300,000 --10 per cent
Rs 300,001 to Rs 500,000 --20 per cent
Rs 500,001 and above --30 per cent
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Income Tax Slab gives an idea how much income will be taxable after saving. People must look into their slab for pay tax. Check out the new details of Income Tax Slab of the current year 2013-2014.
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