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

(more…)

By GST Expert, ago