Taxation
What is the RATES of Tax on Income in INDIA for Assessment Year 2013-14 ?
Following Are the List of Tax rate Applicable To Different class of assesses in INDIA for the A.Y. 2013-14
A)For Individual /HUF/BOI & Every artificial Judicial Person
Level of Total Income | Rate of Income Tax |
Where total Income does not exceed ₹ 2,00,000 | Nil |
Where the total Income Exceeds ₹ 2,00,000 but does not exceed ₹ 5,00,000 | 10% of the Amount by which the Total Income exceed ₹ 2,00,000 |
Where the total Income Exceeds ₹ 5,00,000 but does not exceed ₹ 10,00,000 | ₹ 30,000 plus 20% of the Amount by which the Total Income exceed ₹ 5,00,000 |
Where Total Income exceeds ₹ 10,00,000 | ₹ 1,25,000 plus 30% of the Amount by which the Total Income exceed ₹ 10,00,000 |