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Budget 2013 : Income Tax Rates / Slabs for FY 2013 – 2014

Union Budget of India - 2013 - 2014

Finance Minister, P. Chidambaram will present the Union Budget for the financial year 2013-14 in the Parliament on Thursday, February 28, 2013.

After the budget is announced we will update below the New Income Tax Rates / Slabs for FY 2013-14.

ALSO READ : LIVE UPDATES OF BUDGET 2013

Every year, all the tax payers of the country are keen to know about the new tax slabs / rates which get implemented after the Union Budget.

In the Union Budget, Finance Minister can provided no revision in the tax slabs. He however provided Relief Tax credit of Rs 2000 for income upto Rs 5 lakh, but on othr hand put a surcharge of 10% on Rs 1 crore plus income earners.

Income Tax Rates / Slabs for FY 2013 – 2014 :

Income Tax Rates -/ Income Tax Slabs for FY 2013 - 2014

For Men and Women below 60 years

Income tax slab (in `)

Tax

0 to 2,00,000

No tax

2,00,001 to 5,00,000

10%

5,00,001 to 10,00,000

20%

Above 10,00,001

30%

For Senior citizen (Aged 60 years but less than 80 years)

Income tax slab (in `)

Tax

0 to 2,50,000

No tax

2,50,001 to 5,00,000

10%

5,00,001 to 10,00,000

20%

Above 10,00,000

30%

For Very Senior citizen (Above 80 years)

Income tax slab (in `) Tax
0 to 5,00,000

0%

5,00,001 to 10,00,000

20%

Above 10,00,000

30%

Disclaimer:

We have made all the efforts to provide you with the correct content regards to the new tax slab, however we are no way responsible for any inaccuracies in the data provided above. Always consult your Chartered Accountant (C.A) for taxation matters.

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Author: admin on February 25, 2013
Category: General News


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