Income Tax Slabs for FY 2013-14 AY 2014-15

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In income Tax Slab for ay 14-15 / fy 13-14, basic tax exemption limits are the same. The only benefit this financial year is there is a tax credit of Rs 2000 for people having an annual income up to RS 5 Lakh. There is no other benefit as compared to previous financial year
There is no change in 10%, 20% and 30% slab rates they remain the same. The 10% slab is from RS 2,00,000 to Rs 5,00,000. The 20% slab is from 5,00,001 to RS 10,00,000 and  30% tax slab  starts from Rs 10,00,001
There is no change in tax structure for women and senior citizens
In new tax structure tax exemption of Rs. 20,000 on investment in tax saving Infrastructure bonds is also maintained and there is no change in this as compared to previous year. This is in addition to exemption of up to Rs. 1, 00,000 already allowed under specific savings instruments.
The new and revised income tax slabs and rates applicable for the financial year (FY) 2013-14 and assessment year (AY) 2014-15  are mentioned below:
New Income tax slab for fy 2013-14 / ay 2014-15
New Income Tax Slabs for ay 14-15 for Resident Senior Citizens above 60 years (FY 2013-14)
S. No. Income Range Tax percentage
1 Up to Rs 2,50,000 No tax / exempt
2 2,50,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%
New Income Tax Slabs for ay 14-15 for Resident Senior Citizens above 80 years (FY 2013-14)
S. No. Income Range Tax percentage
1 Up to Rs 5,00,000 No tax / exempt
2 5,00,001 to 10,00,000 20%
3 Above 10,00,000 30%
New Income Tax Slabs for ay 14-15 for Resident Women (below 60 years) (FY 2013-14)
1 Up to Rs 2,00,000 No tax / exempt
2 2,00,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%
New Income Tax Slabs for ay 14-15 for Others & Men (FY 2013-14)
1 Up to Rs 2,00,000 No tax / exempt
2 2,00,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%
For normal category the simple calculation is as follows
  • Taxable Income in 10% slab maximum tax will be Rs  28000 (taking 2000 tax credit into consideration)
  • Taxable Income in 20% slab maximum tax will be Rs  30000 + Rs 1,00,000 total Rs 1,30,000 ( no tax credit for income above Rs 5,00,000)
  • Taxable Income in 30% slab minimum tax will be Rs  Rs 1,30,000
Education and other cess will be in addition to this
Older Income tax rates applicable for the financial year (FY) 2012-13 and assessment year (AY) 2013-14 are mentioned below:
Income tax slab for fy 2012-13 / ay 2013-14
Income Tax Slabs for ay 13-14 for Resident Senior Citizens above 60 years (FY 2012-13)
S. No. Income Range Tax percentage
1 Up to Rs 2,50,000 No tax / exempt
2 2,50,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%
Income Tax Slabs for ay 13-14 for Resident Senior Citizens above 80 years (FY 2012-13)
S. No. Income Range Tax percentage
1 Up to Rs 5,00,000 No tax / exempt
2 5,00,001 to 10,00,000 20%
3 Above 10,00,000 30%
New Income Tax Slabs for ay 13-14 for Resident Women (below 60 years) (FY 2012-13)
1 Up to Rs 2,00,000 No tax / exempt
2 2,00,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%
New Income Tax Slabs for ay 13-14 for Others & Men (FY 2012-13)
1 Up to Rs 2,00,000 No tax / exempt
2 2,00,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%
For normal category the simple calculation is as follows
  • Taxable Income in 10% slab maximum tax will be Rs  30000
  • Taxable Income in 20% slab maximum tax will be Rs  30000 + Rs 1,00,000 total Rs 1,30,000
  • Taxable Income in 30% slab minimum tax will be Rs  Rs 1,30,000
Education and other cess will be in addition to this.
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Latest Comments
  1. Anonymous

    pls correct the heading of the table

  2. Anonymous

    There is nothing wrong

  3. Anonymous

    what are the slab rates for resident man???

  4. Anonymous

    there is 1st table 1st heading is wrong.. other wise so many thanks for information.

  5. Anonymous

    MY SALARY RS IS 600000 BEFORE DEDUCTIONS CAN I GET 2000 TAX BENEFIT

  6. Anonymous

    how to get the tax credit of Rs. 2000 any condtions to be fulfilled for that

  7. Ray Roy

    In the main heading either write F.Yrs or write A.Yrs. You have written F.Y.13-14/ A.Y.13-14 which is obviously wrong.

  8. wbxpress.com

    Do you need an Online Calculator to check Income Tax Online?

    Here is one I just made it: http://wbxpress.com/income-tax-calculator/

  9. Anonymous

    Instead of "Tax" you have mentioned Total taxable income in 10 % slab is 28000 ,etc..
    Please correct them to read as Total Tax

    • Anonymous

      Please read carefully.

  10. yadav kumaramar

    is applicabie for ca exam nov 2013

  11. yadav kumaramar

    is applicabie for ca exam nov 2013

  12. sudhakar

    Good information… useful to all employees and individuals in India who come under income Tax . one more site also with full information of income tax fy 2013-14 is AP Teachers

  13. MUKESH CHATURVEDI

    MY GROSS INCOME IS 5,80,000, WHAT I AM ENTILE TO REBATE 2000 TAX AFTER I HAVING SAVING 100,000 KINDLY TOLD ME

  14. MUKESH CHATURVEDI

    after one lakh saving under 80c may gross income 4,80,000. what i a entile to 2000/- tax rebate in 2013-14 (FY)

  15. Anonymous

    No, your gross total income is above than 5 lacs, so you do not take benefit of rebate of 2000 Rs.

  16. Anonymous

    All deduction i want to see

  17. Jagdish Negi

    What are the slab rates for physically disabled persons

  18. Sumit Kumar Gogawat

    there is no any special deductionfor disable person. Rs. 50000 will be claimed under section 80U

  19. Anonymous

    Thank you for info. Plz inform about NRI

  20. Mukesh Tiwari

    thank you for information

  21. Vineeth Krishna

    Hello… my package is 4.5L PA.. I heard that the tax exemption has been raised from 2Lakhs to 5Lakhs a year. Is it true.. Am i exempted from Tax – Axe…

    • Sumit Kumar Gogawat

      No its not true, Tax Slab is still applicable from above Rs. 2 lacs income. For more information please read above article.

  22. Anonymous

    tax exemption on infrastructure bonds of Rs 20000 still available in Fy 13-14 & 14-15, pl confirm.

  23. Partha Chatterjee

    Only your site informs about Tax Credit of RS. 2000 on income upto rs 5 lac. Thanks.

  24. Anonymous

    is there any special tax rebate for salaried women's for A.Y.14_15?

  25. Anonymous

    No, Slab rate as per mention above as applicable

  26. Partha Chatterjee

    I have made donation for the tragic Uttarakhand natural calamity. Can I claim relief at the time of calculation of tax or at the time of return filing ?

  27. Anonymous

    My CTC is 4 lac , and i wanted to save all tax… how i can do…

    • Sumit Kumar Gogawat

      Your Taxable Salary is Rs. 2 Lac after standard deduction of Rs. 2 Lac. Invest 1 lac in 80C, Invest in 80D Mediclaim (Rs. 15000), In 80E For interest payment on loan taken for Higher studies for self or education of spouse or children (Entire amount of Interest).

  28. Anonymous

    i thought tax is deducted only in feb n March of evry year. nw i c tax is deducted evry month frm my slry 4.50k p.a.. plz comment

    • Sumit Kumar Gogawat

      No its not necessary to deduct tax in feb or march, if your salary is taxable then company deduct tax on your salary. And when you file the income tax return, you need to file all your deduction details to enable get refund from department against your extra deducted tax from the company

  29. leona fassi

    I am so happy to read this. This is the kind of manual that needs to be given and not the random misinformation that's at the other blogs. Thanks for sharing this.

    PIC Scheme

  30. S Murugappan

    I read your blog such a helpful to me…… Thank you for posting…..!!!
    Tax Lawyer Chennai

  31. deerynio21bell

    Thank you so much for this post on income Tax Slab! My uncle Dr. Aloke Ghosh was also looking for the exact details regarding income Tax Slab. I’ll tell him about this informative article!

  32. Anonymous

    Useful discussion – For my two cents , others have been needing a 2015 FL DoR DR-15 , my colleagues saw a template version here http://pdf.ac/7Se56E>.

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