New income Tax slabs for FY 2014-2015
Government of India announced new Tax slabs for financial year 2014-15.You can calculate your tax based on the following details.
IT tax slabs for General Tax Payers:
IT slabs (in Rs.) Tax
- 0-250000 No tax
- 250001-500000 10%
- 500001-1000000 20%
- 1000001 and Above 30%
IT Tax slabs for Senior citizen (above 60 year and less than 80 year )
IT slabs (in Rs.) Tax
- 0-300000 No tax
- 300001-500000 10%
- 500001-1000000 20%
- 1000001 and Above 30%
Income Tax slab FY 2014-15 for very senior citizens (Above 80 )
IT slabs (in Rs.) Tax
- 0-500000 No tax
- 500001-1000000 20%
- 1000001 and Above 30%
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