Income Tax

Income Tax

Here are the personal income tax slab rates for calculating your income tax for the Financial Year 2013-2014 (Assessment Year 2014-2015).

Income Tax Slabs for the Individual Male (Below 60 Years Age) for the Assessment Year 2014-2015

Sl No.Income Tax SlabIncome Tax Rate Payable
1.Rs. 0 to 200,000No Income Tax
2.Rs. 200,001 to 500,00010%
3.Rs. 500,001 to 1,000,00020%
4.Rs. 1,000,001 and above30%

Note: In addition to the above, a Tax Credit of Rs. 2,000 will be given for income up to Rs. 500,000 in the Financial Year 2013-2014.