Thursday, August 29, 2013

Income Tax Rates in financial year 2013-14 in india

Income Tax Rates during financial year 2013-14 in india is listed as below:-

  1. Income Upto    Rs 2,00,000/-                                        :  0%   
  2. Income Above Rs 2,00,000/- and upto 5,00,000/-           :  10%  
  3. Income Above Rs 5,00,000/- and upto 10,00,000/-         :  20%  
  4. Income Above Rs 10,00,000/-                                       :  30% 
Income Tax (say) : X
Rebate on TAX : Rs 2,000/-
Edu. Cess: 02% on IncomeTax
H.Edu. Cess: 01% on IncomeTax

Net Income Tax : (X-2000)*1.03


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