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Income Tax Slabs (Financial Year 2013-14)

February 28 , 2013
Men and Women under 60 years
Annual income Tax payable
Upto Rs 2,00,000 Nothing
Rs 2,00,001 to Rs 5,00,000 10% of the amount exceeding Rs 2 lacs ( Less Rs 2000)
Rs 5,00,001 to Rs 10,00,000 Rs30,000 + 20% of the amount exceeding Rs 5 lacs
More than Rs 10,00,000 Rs1,30,000 + 30% of the amount exceeding Rs 10lacs
Men and Women between 60 to 80 years
Annual income Tax payable
Upto Rs 2,50,000 Nothing
Rs 2,50,001 to Rs 5,00,000 10% of the amount exceeding Rs 2.5 lacs (Minus Rs 2000)
Rs 5,00,001 to Rs 10,00,000 Rs 25,000 + 20% of the amount exceeding Rs 5 lacs
More than Rs 10,00,000 Rs 1,25,000 + 30% of the amount exceeding Rs 10 lacs
Very Senior Citizens above 80 years
Annual income Tax payable
Upto Rs 5,00,000 Nothing
Rs 5,00,001 to Rs 10,00,000 20% of the amount exceeding Rs 5 lacs
More than Rs 10,00,000 Rs 1,00,000 + 30% of the amount exceeding Rs 10 lacs

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