latest-income-tax-slab-for-2013There is no change in the income-tax slabs in the budget of the financial year 2013-14.But finance minister P. Chidamabaram has allowed some relief to the people, who earn between Rs 2-5 lakh in a year. They will get a tax credit of Rs 2000. Income above 1 Crore will be charged 10%  surcharges.

The various tax slabs for various types of persons and organizations are as follows;

  1. For General Tax-Payers and Women
  2. For Senior Citizens
  3. For Very senior Persons aged more than 80
  • Income-tax Slab for General Tax-Payers & Women
Income-tax Slab (Rs) Percentage of Tax (%)
0 to 2,00,000 Nil
2,00,001-5,00,000 10%
5,00,001-10,00,000 20%
More than 10,00,000 30%
  • Income-tax Slab for Senior Citizens ( More than 60 but less than 80)
Income-tax Slab (Rs) Percentage of Tax (%)
0 to 2,50,000 Nil
2,50,001-5,00,000  10% 
5,00,001-10,00,000  20% 
Above 10,00,000 30%
  • Income-tax Slab for  Very Senior Citizen ( More than 80 Years of age)
Income-tax Slab (Rs) Percentage of Tax (%)
0-5,00,000 Nil
5,00,001-10,00,000  20% 
More than 10,00,000  30% 

But don’t worry, there are ways to save tax legally, read our how to save tax here to know more.

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