1. Income Tax Slab Rates for
2013-14 and 2014-15
By
Shankar Bose
Inspector of Income-tax
MSTU, Puri

2. Income Tax Slab Rates for
2013-14 and 2014-15
Income Tax Slab/Rate
Income Tax Slab/Rate for Assessment Year 2013-14 and Income Tax Rates for F.Y. 2013-
14 (A.Y 2014-15) are same as budget of 2103 has made no changes in the Income tax slab
rates for Individual, Woman,Senior Citizen, Super Senior Citizen
and HUF/AOP/BOI/artificial juridical person and Companies(including partnership firms
and LLP’s). (Check Approved List of Investment for Income Tax Deduction under 80C )
As per 2013 Budget(Finance Act, 2013) section 87A of the Income Tax Act, 1961 rebate of
Rs.2000/- will be given to the individual tax payer whose total does not exceed Rs 5 lakhs or
we can say that Individual Tax Payer whose total income doesn’t exceed Rs 5 Lakhs is
eligible for deduction of Rs 20000/- from income. Budget of 2013 has levied the Surcharge
of 10 percent on persons (other than companies) whose taxable income exceed Rs.1 crore to
augment revenues. Also government has increase the dividend distribution tax or tax on
distributed income, current surcharge increased from 5 to 10 percent. Check the Current
Service Tax Rate and List of Services Exempted from Service Tax. Reductions made in
rates of Securities Transaction Tax in respect of certain transaction
Assessment Year 2013-14 and 2014-15 (Check Which Income Tax Return Applicable to You)
For a resident woman (who is below 60 years):
Net income Education Secondary and higher
Income tax rates
range cess education cess
Up to Rs.
Nil Nil Nil
2,00,000
Rs. 2,00,000 – 10% of (total income – 2% of income
1% of income tax
5,00,000 2,00,000) tax
Rs. 5,00,000 – 30000 + 20% of (total 2% of income
1% of income tax
10,00,000 income – 5,00,000) tax
Above Rs. 130000 + 30% of (total 2% of income
1% of income tax
10,00,000 income – 10,00,000) tax

3. Check Your Income Tax Refund Status for Current Year Online
For a resident senior citizen(who is above 60 years but below 80 years): Learn How to
Calculate Your Income Tax Liability
Secondary and higher
Net income range Income tax rates Education cess
education cess
Up to Rs. 2,50,000 Nil Nil Nil
Rs. 2,50,000 – 10% of (total income – 2% of income
1% of income tax
5,00,000 2,50,000) tax
Rs. 5,00,000 – 25,000 + 20% of (total income – 2% of income
1% of income tax
10,00,000 5,00,000) tax
Above Rs. 1,25,000 + 30% of (total income 2% of income
1% of income tax
10,00,000 – 10,00,000) tax
For a resident super senior citizen(who is above 80 years): Check Income on Which No
Income Tax Applicable, Check List of Exempted Income
Secondary and higher
Net income range Income tax rates Education cess
education cess
Up to Rs. 5,00,000 Nil Nil Nil
Rs. 5,00,000 – 20% of (total income – 2% of income
1% of income tax
10,00,000 5,00,000) tax
Above Rs. 1,00,000 + 30% of (total income 2% of income
1% of income tax
10,00,000 – 10,00,000) tax
For any other individual i.e. every HUF/AOP/BOI/artificial juridical person: Read How to
Compute Income Tax for AOP/HUF/BOI
Secondary and higher
Net income range Income tax rates Education cess
education cess
Up to Rs. 2,00,000 Nil Nil Nil
Rs. 2,00,000 – 10% of (total income – 2% of income
1% of income tax
5,00,000 2,00,000) tax
Rs. 5,00,000 – 30,000 + 20% of (total income – 2% of income
1% of income tax
10,00,000 5,00,000) tax
Above Rs. 1,30,000 + 30% of (total income 2% of income
1% of income tax
10,00,000 – 10,00,000) tax
Income Tax Rates for Partnership Firm including LLP: Overview of Taxation on Income for
Partnership.i.e. Partners Profit and Interest Payment Limits as per Income Tax Law
Income Tax Rate: 30%
Education Cess: 3%
Income Tax Rates for Domestic Companies: Read More About Company Law Depreciation rate
Income Tax Rate : 30%
Surcharge: 5% ( surcharge from 5 to 10 percent on domestic companies whose
taxable income exceed Rs.10 crore).
Education Cess: 3%
Thanks