TAX BENEFITS: Tax is Exempt under section 80 C
A] INCOME-TAX RATES FOR ASSESSMENT YEAR 2014-2015 (FINANCIAL YEAR 2013-2014)
Income Slabs & Tax Rates | |||
Individual &HUF Below age 60 Years | Individual 60 years of age and more but less than 80 years | Individual 80 years of age and more | Tax Rates |
Income upto Rs.2,00,000 | Income upto Rs.2,50,000 | Income up to Rs. 5,00,000 | NIL | Rs.2,00,001 to Rs.5,00,000 | Rs.2,50,001 to Rs.5,00,000 | -- | 10% |
Rs.5,00,001 to Rs.10,00,000 | Rs.5,00,001 to Rs.10,00,0000 | IRs.5,00,001 to Rs.10,00,000 | 20% |
Above Rs.10,00,001 | Above Rs.10,00,001 | Above Rs.10,00,001 | 30% |