Income Tax rates 2014-2015

Income Tax Rates for Assessment year 2014-2015 (Previous year 2013-14)

Income Tax Rates/Slab for Assessment Year 2014-15 (Previous Year 2013-14) Rates/ %age
Up to 2,00,000
Up to 2,00,000 (for women)
Up to 2,50,000 (for resident individual of 60 years till 80 years)
Nil
200,001 – 5,00,000 

Up to 500,000 (for resident individual of 80 years and above, Tax is nil)

10% 

Nil

5,00,001 – 10,00,000 20%
10,00,001 upwards 30%

Tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/-

Surcharge: is 10% is Income tax payable on Individuals whose taxable income is above Rs 1 crore

Education Cess of 3% is also applicable to Income Tax computed as per above slab.

Download Income tax Calculator for free for previous year 2012-2013

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