In Case of General Assesses (Both
Male & Female)
Income
Bracket
|
Rate
|
Rs. 0 to Rs. 2,50,000
|
NIL
|
Rs. 2,50,001 to Rs. 5,00,000
|
10 % (on amount execding 2.5 lakh)
|
Rs. 5,00,001 to Rs. 10,00,000
|
20 % (on amount execding 5 lakh)
|
Above Rs. 10,00,000
|
30 % (on amount execding 10 lakh)
|
In Case of Senior Citizens (Age above
60 years but below 80 years)
Income
Bracket
|
Rate
|
Rs. 0 to Rs. 3,00,000
|
NIL
|
Rs. 3,00,001 to Rs. 5,00,000
|
10 %
|
Rs. 5,00,001 to Rs. 10,00,000
|
20 %
|
Above Rs. 10,00,000
|
30 %
|
In Case of Supper Senior
Citizens (Age 80 years and above)
Income
Bracket
|
Rate
|
Rs. 0 to Rs. 5,00,000
|
NIL
|
Rs. 5,00,001 to Rs. 10,00,000
|
20 %
|
Above Rs. 10,00,000
|
30 %
|
* On final tax amount, a
surcharge of 3% to be payed.
**On final tax amount, surcharge of 10% if income above 1 corer.
**There an tax reduction of Rs. 2000 for tax amount for income less than 5 lakh.
**On final tax amount, surcharge of 10% if income above 1 corer.
**There an tax reduction of Rs. 2000 for tax amount for income less than 5 lakh.
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