INCOME TAX RATES – ASSESSMENT YR 2013-14

 

Income Tax slabs for Assessment Year 2013-14.(Subject to Approval of Finance Bill,2012).

Up to Rs. 2,00,000	NIL
Rs. 2,00,001 to Rs. 5,00,000	10%
Rs. 5,00,001 to Rs. 10,00,000	20%
Above Rs. 10,00,000	30%

 

For Senior Citizens above 60 years Up to Rs. 2,50,000 Nil.  The remaining slabs are same.

For Senior Citizens above 80 years Up to Rs. 5,00,000 Nil.  The Remaining slabs are same.

HAPPY EARNING and  HAPPY SAVING

NO 80 CCF for 2013 – 14

For Assessment Year 2013 – 14 there is no Section 80 CCF exemption.

The Rebate on Long Term Infrastructure Bonds u/s 80 CCF of the Income Tax Act 1962 is withdrawn.

The Total Tax Saving Investments will get reduced from Rs. 1,20,000 to Rs. 1,00,000 during financial year 2012-13.

HAPPY INVESTING

HAPPY NEW BEGINNING

WISH YOU A VERY VERY HAPPY FINANCIAL NEW YEAR.

EARN MORE SAVE MORE BE HAPPY

ALL THE VERY BEST.

PRAY and WISH ALL YOUR WISHES AND DREAMS COME TRUE THIS NEW NEW YEAR.

Let all your prayers be answered in THE AFFIRMATIVE.