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Income Tax Slab for A. Y. 2013-14, Tax & TDS Calculator for Central, State and All Bank Employee Free Download.

Yesterday The Finance Minister announced the Union Budget-2012 and he has Increased the exemption Limit from Rs. 180000/- to Rs. 200000 for Male & Female equally. He further extended 20% Slab from Rs. 500000 to Rs. 10 Lakhs as well as 30% Slab applied for above Rs. 1000000 Income.  No change in exemption limit for senior citizen and very senior citizen. After implementation of these limit and changes maximum benefit to female assessee less than 60 is  21630, male less than 60 will be 22660 and senior citizen and very senior citizen tax benefit will be 20600.

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Applicable Income Tax Slab For Assessment Year 2013-14
Normal Rates of tax

Where the total income does not exceed Rs. 2,00,000/-.
Nil
Where the total income exceeds Rs. 2,00,000 but does not exceed Rs. 5,00,000/-
10 per cent of the amount by which the total income exceeds Rs.2,00,000/-
Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.
Rs. 30,000/- plus 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-.
Where the total income exceeds Rs. 10,00,000/-.
Rs. 130,000/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-.

Rates of tax for a woman, resident in India and below sixty years of age at any time during the financial year

Where the total income does not exceed Rs.2,00,000/-.
Nil
Where the total income exceeds Rs. 2,00,000 but does not exceed Rs. 5,00,000/-.
10 per cent, of the amount by which the total income exceeds Rs. 2,00,000/-
Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.
Rs. 30,000/- plus 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-.
Where the total income exceeds Rs. 10,00,000/-.
Rs. 130,000/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-.

Rates of tax for an individual, resident in India and of the age of sixty years or more but less than eighty years at any time during the financial year:

Where the total income does not exceed Rs. 2,50,000/-.
Nil
Where the total income exceeds Rs. 2,50,000 but does not exceed Rs. 5,00,000/-.
10 per cent, of the amount by which the total income exceeds Rs. 2,50,000/-
Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.
Rs. 25,000/- plus 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-.
Where the total income exceeds Rs. 10,00,000/-.
Rs. 125,000/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-.

In case of every individual being a resident in India, who is of the age of eighty years or more at any time during the financial year

Where the total income does not exceed Rs. 5,00,000/-
Nil
Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-
20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-
Where the total income exceeds Rs.10,00,000/-
Rs. 1,00,000/- plus 30 per cent of the amount by which the total income exceeds Rs.10,00,000/-

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