Chandigarh Forum

Income Tax Rates applicable for Individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of Individuals (BOI) in India is as under: Assessment Year 2014-15, Relevant to Financial Year 2013-14 For Individuals below 60 years age (including Woman Assessees): Income Tax Rate Upto 200,000 Nil 200,000 to 500,000 10% of the amount exceeding 200,000 500,000 to 1,000,000 Rs.30,000 + 20% of the amount exceeding 500,000 1,000,000 & above Rs.130,000 + 30% of the amount exceeding 1,000,000 For Individuals…

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Personal Income Tax Rates for the Financial Year 2012-2013 and Assessment Year 2013-2014 The Government of India has increased the basic personal income tax exemption limit from Rs. 180,000 to Rs. 200,000 for the Financial Year 2012-2013 and Assessment Year 2013-2014. The new income tax rates or Income tax slabs are applicable for the incomes earned or generated from April 01, 2012 to March 31, 2013. Here are the personal income tax slab rates for calculating your income tax for…

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Personal Income Tax Rates for the Financial Year 2011-2012 and Assessment Year 2012-2013 The Government of India has increased the basic personal income tax exemption limit from Rs. 160,000 to Rs. 180,000 for the Financial Year 2011-2012 and Assessment Year 2012-2013. The new income tax rates or Income tax slabs are applicable for the incomes earned or generated from April 01, 2011 to March 31, 2012.   The Indian Government also reduced the age eligibility criteria for senior citizenship from…

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