Income Tax Rate for Individuals and House of Undivided Family HUF for the F. Y 2013-14 A. Y. 2014-15
Individuals age below 60 years and Hindu Undivided Family (H.U.F)
| Income Slab | Rate of Income Tax F.Y. 2013-14 |
| The total income is less than Rs. 2,00,000/- | NIL |
| Total Income Exceeds Rs. 2,00,000 but does not exceed Rs. 5,00,000 | Tax 10% on the amount exceeds Rs. 200000/-
Deduction 10% of taxable Income upto maximum of Rs. 2000/- as tax Credit |
| Total Income Exceeds Rs. 5,00,000 but does not exceed Rs. 10,00,000 | Tax of Rs. 30,000+20% of the amount exceeds Rs. 5,00,000 |
| Total Income Exceeds Rs. 10,00,000 | Tax of Rs. 1,30,000+ 30% of the amount exceeds Rs. 10,00,000 |
Surcharge
10% of the Income Tax If the Income taxable Income exceeds Rs. 1 Crore
Education Cess
3% of the total of Income Tax and Surcharge
Individuals age above 60 years but below 80 Years during the previous year
| Income Slab | Rate of Income Tax F.Y. 2013-14 |
| The total income is less than Rs. 2,50,000/- | NIL |
| Total Income Exceeds Rs. 2,50,000 but does not exceed Rs. 5,00,000 | Tax 10% on the amount exceeds Rs. 250000/- |
| Total Income Exceeds Rs. 5,00,000 but does not exceed Rs. 10,00,000 | Tax of Rs. 25,000+20% of the amount exceeds Rs. 5,00,000 |
| Total Income Exceeds Rs. 10,00,000 | Tax of Rs. 1,25,000+ 30% of the amount exceeds Rs. 10,00,000 |
Surcharge
10% of the Income Tax If the Income taxable Income exceeds Rs. 1 Crore
Education Cess
3% of the total of Income Tax and Surcharge
Individuals age above 80 years during the previous year
| Income Slab | Rate of Income Tax F.Y. 2013-14 |
| The total income is less than Rs. 5,00,000/- | NIL |
| Total Income Exceeds Rs. 5,00,000 but does not exceed Rs. 10,00,000 | Tax of 20% of the amount exceeds Rs. 5,00,000 |
| Total Income Exceeds Rs. 10,00,000 | Tax of Rs. 1,00,000+ 30% of the amount exceeds Rs. 10,00,000 |
Surcharge
10% of the Income Tax If the Income taxable Income exceeds Rs. 1 Crore
Education Cess
3% of the total of Income Tax and Surcharge
Table of Contents
Income Tax Rate for Association of Persons, Body of Individuals (AOP & BOI) For the Financial Year 2013-14 (A.Y. 2014-15)
| Income Slab | Rate of Income Tax |
| The total income is less than Rs. 2,00,000/- | NIL |
| Total Income Exceeds Rs. 2,00,000 but does not exceed Rs. 5,00,000 | Tax 10% on the amount exceeds Rs. 200000/-
Deduction 10% of taxable Income upto maximum of Rs. 2000/- as tax Credit |
| Total Income Exceeds Rs. 5,00,000 but does not exceed Rs. 10,00,000 | Tax of Rs. 30,000+20% of the amount exceeds Rs. 5,00,000 |
| Total Income Exceeds Rs. 10,00,000 | Tax of Rs. 1,30,000+ 30% of the amount exceeds Rs. 10,00,000 |
Surcharge
10% of the Income Tax If the Income taxable Income exceeds Rs. 1 Crore
Education Cess
3% of the total of Income Tax and Surcharge
Income Tax Rates for Cooperative Society for the Financial Year 2013-14 (A.Y. 2014-15)
| Income Slab | Rate of Income Tax |
| The total income is less than Rs. 10,000/- | Tax of 10% of the Income |
| Total Income Exceeds Rs. 10,000 but does not exceed Rs. 20,000 | Tax of Rs. 1,000+20% of the amount exceeds Rs. 10,000 |
| Total Income Exceeds Rs. 20,000 | Tax of Rs. 3,000+30% of the amount exceeds Rs. 5,00,000 |
Surcharge
10% of the Income Tax If the Income taxable Income exceeds Rs. 1 Crore
Education Cess
3% of the total of Income Tax and Surcharge
Income Tax Rates for Partnership Firm for the Financial Year 2013-14 (A.Y. 2014-15)
Income Tax
30% of Taxable Income
Surcharge
10% of the Income Tax If the Income taxable Income exceeds Rs. 1 Crore
Education Cess
3% of the total of Income Tax and Surcharge
Income Tax Rates for Local Authority for the Financial Year 2013-14 (A.Y. 2014-15)
Income Tax
30% of Taxable Income
Surcharge
10% of the Income Tax If the Income taxable Income exceeds Rs. 1 Crore
Education Cess
3% of the total of Income Tax and Surcharge
Income Tax Rates for Domestic Companies (Corporate Tax Rate) for the Financial Year 2013-14 (A.Y. 2014-15)
Income Tax
30% of Taxable Income
Surcharge
5% of the Income Tax If the Income taxable Income exceeds Rs. 1 Crore
10% of the Income Tax If the Income taxable Income exceeds Rs. 10 Crore
Education Cess
3% of the total of Income Tax and Surcharge
Income Tax Rates for Companies other than Domestic Companies for the Financial Year 2013-14 (A.Y. 2014-15)
Income Tax
50% of on so much of the total income as consist of
(a) royalties received from Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after the 31st day of March, 1961 but before the 1st day of April, 1976; or
(b) fees for rendering technical services received from Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after the 29th day of February, 1964 but before the 1st day of April, 1976, and where such agreement has, in either case, been approved by the Central Government
40% of the Balance Amount
Surcharge
5% of the Income Tax If the Income taxable Income exceeds Rs. 1 Crore
10% of the Income Tax If the Income taxable Income exceeds Rs. 10 Crores
Education Cess
3% of the total of Income Tax and Surcharge