JAIN BROKER

There is no change in tax slab for the financial year 2013-2014 The slabs are same as last financial year. Here is the details for your reference:

•  For Individual

Income Group	Tax Rate
0 Upto 2 lakh	Nill
2,00,001 to 5 lakh	10%
5,00,001/- to 10,00,000	20%
Above 10 lakh	30%

• For Female Tax payers

Income Group	Tax Rate
0 Upto 2 lakh	Nill
2,00,001 to 5 lakh	10%
5,00,001/- to 10,00,000	20%
Above 10 lakh	30%

•  Senior citizens 60 years or more but below the age of 80 years

Income Group	Tax Rate
0 Upto 2.5 lakh	Nill
2,50,001 lakh to 5 lakh	10%
5,00,001/- to 10,00,000	20%
Above 10 lakh	30%

•  Senior citizens 80 years or more

Income Group	Tax Rate
0 to 5 lakh	Nill
5,00,001/- to 10,00,000	20%
Above 10 lakh	30%

Above Income tax rates are applicable for Individuals and HUFs. You will also need to pay 3% Education Cess.
Disclaimer:
All efforts are made to keep the content as accurate as possible. We take no responsibly of any errors. You are advised to consult your Chartered accountant for any query on income tax.