Individual Tax slab rate for FY 2016-17 and FY 2017-18 with illustration After introduction of Budget 2017, it has given Individual tax payers some significant relief for financial year 2017-18. We have presented below the scenario how the tax slabs for Individual taxation will change from finaicial year 2016-17 to Read more…
As you are aware that Union finance minister Arun Jaitely presented Finance Budget 2017 on 1st January 2017 with some exciting announcements for Individuals and Industry. Below are the Important take away from the Union Budget 2017 for you ready reference. For Individual Reduces income tax rate from 10% Read more…
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 |