Sponsored
Income tax rate Chart for Financial Year 2012-13 / Assessment year 2013-14
|
A. Tax Rates For Individuals (Men & Women), Hindu Undivided Families, Association of Persons and Body of Individuals |
|
|
Total Income (Rs.) |
Tax Rate (%) |
| Upto Rs. 200,000* | Nil |
| 200,001 to 500,000 | 10 |
| 500,001 to 10,00,000 | 20 |
| Above Rs. 10,00,000 | 30 |
| *In the case of a resident individual of sixty years or more but less than eighty years, the basic exemption limit is Rs. 250,000 | |
| The category of women below the age of 65 years has been removed. | |
–
|
B. Tax Rates For Senior Citizens (80 Years Or Above) |
|
|
Total Income (Rs.) |
Tax Rate (%) |
| Upto Rs. 500,000* | Nil |
| 500,001 to 10,00,000 | 20 |
| Above Rs. 10,00,000 | 30 |
| Surcharge is Nil | |
| Education cess is applicable @ 3% on income tax | |
| Marginal relief may be available. | |
–
|
C. Tax Rates For For Partnership Firms |
|
Tax Rate (%) |
| Partnership Firms are taxable @ 30% |
| Surcharge is Nil |
| Education cess is applicable @ 3% on income tax |
–
|
D. Tax Rates For Domestic Companies |
|
Tax Rate (%) |
| Domestic companies are taxable @ 30% |
| Surcharge is applicable @ 5% if total income is in excess of Rs. 10,000,000 |
| Education cess is applicable @ 3% on income tax (inclusive of surcharge, if any) |
–
|
E. Tax Rates For Foreign Companies |
|
Tax Rate (%) |
| Foreign companies are taxable @ 40% |
| Surcharge is applicable @ 2% if total income is in excess of Rs. 10,000,000 |
| Education cess is applicable @ 3% on income tax (inclusive of surcharge, if any) |
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
