{"id":25,"date":"2013-12-29T00:00:00","date_gmt":"2013-12-28T18:30:00","guid":{"rendered":""},"modified":"2016-07-30T11:24:24","modified_gmt":"2016-07-30T05:54:24","slug":"income-tax-rate-for-financial-year-2013-2014-2","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/","title":{"rendered":"Income tax rate for financial year 2013-2014"},"content":{"rendered":"

A.\u00a0\u00a0\u00a0\u00a0 <\/strong>For resident individual (male or female) who is not senior citizen and HUF, AOP, BOI and AJP:<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Net Income<\/strong><\/td>\nIncome Tax
\nRate<\/strong><\/td>\n		\n

Surcharge<\/strong><\/p>\n

\u00a0<\/strong><\/td>\n<\/tr>\n

Up To Rs. 2 Lacks<\/td>\nNIL<\/td>\nNIL<\/td>\n<\/tr>\n
Rs.2 Lacks to Rs.5 Lacks<\/td>\n10% of (total income \u2013 Rs. 2 Lacks)<\/td>\nNIL<\/td>\n<\/tr>\n
Rs.5 Lacks to Rs.10 Lacks<\/td>\nRs.30,000 + 20% of (total income \u2013 Rs.5 Lacks)<\/td>\nNIL<\/td>\n<\/tr>\n
Rs. 10 Lacks to 1 Crore<\/td>\nRs. 1,30,000 + 30% of (total income \u2013 Rs.10
\nLacks)<\/td>\n		NIL<\/td>\n<\/tr>\n
Above 1 Crore<\/td>\nRs. 28,30,000 + 30%
\nof (total income \u2013 Rs.1 Crore)<\/td>\n		10% of Income Tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n

In addition to income tax and surcharge, the education cess of 2% and secondary and higher education cess of 1% of income tax and surcharge is also applicable.<\/p>\n

B.\u00a0\u00a0\u00a0\u00a0 <\/strong>For resident senior citizen who is 60 years or more but less than 80 years during the financial year:<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Net Income<\/strong><\/td>\nIncome Tax Rate<\/strong><\/td>\nSurcharge<\/strong><\/td>\n<\/tr>\n
Up To Rs. 2.50 Lacks<\/td>\nNIL<\/td>\nNIL<\/td>\n<\/tr>\n
Rs.2.50 Lacks to Rs.5 Lacks<\/td>\n10% of (total income \u2013 Rs. 2.50 Lacks)<\/td>\nNIL<\/td>\n<\/tr>\n
Rs.5 Lacks to Rs.10 Lacks<\/td>\nRs. 25,000 + 20% of (total income \u2013 Rs.5 Lacks)<\/td>\nNIL<\/td>\n<\/tr>\n
Rs. 10 Lacks to 1 Crore<\/td>\nRs. 1,25,000 + 30% of (total income \u2013 Rs.10
\nLacks)<\/td>\n		NIL<\/td>\n<\/tr>\n
Above 1 Crore<\/td>\nRs. 28,25,000 + 30% of (total income \u2013 Rs.1 Crore)<\/td>\n10% of Income Tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In addition to income tax and surcharge, the education cess of 2% and secondary and higher education cess of 1% of income tax and surcharge is also applicable.<\/p>\n

C.\u00a0\u00a0\u00a0\u00a0 <\/strong>For resident senior citizen who is 80 years or more during the financial year:<\/strong><\/p>\n\n\n\n\n\n\n\n
Net Income<\/strong><\/td>\nIncome Tax
\nRate<\/strong><\/td>\n		Surcharge<\/strong><\/td>\n<\/tr>\n
Up To Rs. 5 Lacks<\/td>\nNIL<\/td>\nNIL<\/td>\n<\/tr>\n
Rs.5 Lacks to Rs.10 Lacks<\/td>\n20% of (total income \u2013 Rs.5 Lacks)<\/td>\nNIL<\/td>\n<\/tr>\n
Rs. 10 Lacks to 1 Crore<\/td>\nRs. 1,00,000 + 30% of (total income \u2013 Rs.10
\nLacks)<\/td>\n		NIL<\/td>\n<\/tr>\n
Above 1 Crore<\/td>\nRs. 28,00,000 + 30% of (total income \u2013 Rs.1 Crore)<\/td>\n10% of Income Tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In addition to income tax and surcharge, the education cess of 2% and secondary and higher education cess of
\n1% of income tax and surcharge is also applicable.<\/p>\n

D.\u00a0\u00a0\u00a0\u00a0 <\/strong>Firms<\/strong><\/p>\n

Income tax is 30% of total income. Surcharge is 10% of total Income tax if income is above 1 Crore. Education cess is 2% and Higher Secondary education cess is 1% of income tax and surcharge is also applicable.<\/p>\n

E.\u00a0 <\/strong>Companies<\/strong><\/p>\n

\u00a0Income Tax Rates are for domestic company is 30%.\u00a0 Surcharge is 5% of total Income tax if income is above 1 Crore but below 10 Crore and 10% if income is above 10 Crore. Education cess is 2% and Higher Secondary education cess is 1% of income tax and surcharge is also applicable.<\/p>\n

F.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>Co-Operative Societies<\/strong><\/p>\n\n\n\n\n\n\n
Net Income\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/td>\nIncome Tax Rate<\/strong><\/td>\n<\/tr>\n
Up To Rs. 10,000<\/td>\n10%<\/td>\n<\/tr>\n
Rs.10,000 to Rs. 20,000<\/td>\n20%<\/td>\n<\/tr>\n
Above Rs.10,000<\/td>\n30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n

Surcharge 10% is applicable if net income is more than Rs.1 Crore. In addition to income tax and surcharge, the education cess of 2% and secondary and higher education cess of 1% of income tax and surcharge is also applicable.<\/p>\n","protected":false},"excerpt":{"rendered":"

A.\u00a0\u00a0\u00a0\u00a0 For resident individual (male or female) who is not senior citizen and HUF, AOP, BOI and AJP: Net Income Income Tax Rate Surcharge \u00a0 Up To Rs. 2 Lacks NIL NIL Rs.2 Lacks to Rs.5 Lacks 10% of (total income \u2013 Rs. 2 Lacks) NIL Rs.5 Lacks to Rs.10 Lacks Rs.30,000 + 20% of … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[26,25,24],"yoast_head":"\nIncome tax rate for financial year 2013-2014 - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Income tax rate for financial year 2013-2014 - All About Finance\" \/>\n<meta property=\"og:description\" content=\"A.\u00a0\u00a0\u00a0\u00a0 For resident individual (male or female) who is not senior citizen and HUF, AOP, BOI and AJP: Net Income Income Tax Rate Surcharge \u00a0 Up To Rs. 2 Lacks NIL NIL Rs.2 Lacks to Rs.5 Lacks 10% of (total income \u2013 Rs. 2 Lacks) NIL Rs.5 Lacks to Rs.10 Lacks Rs.30,000 + 20% of ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/\" \/>\n<meta property=\"og:site_name\" content=\"All About Finance\" \/>\n<meta property=\"article:published_time\" content=\"2013-12-28T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-07-30T05:54:24+00:00\" \/>\n<meta name=\"author\" content=\"Taxclick Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Taxclick Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/\"},\"author\":{\"name\":\"Taxclick Team\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\"},\"headline\":\"Income tax rate for financial year 2013-2014\",\"datePublished\":\"2013-12-28T18:30:00+00:00\",\"dateModified\":\"2016-07-30T05:54:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/\"},\"wordCount\":430,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"keywords\":[\"income tax\",\"slab\",\"tax rate\"],\"articleSection\":[\"Income Tax\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/\",\"url\":\"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/\",\"name\":\"Income tax rate for financial year 2013-2014 - All About Finance\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/#website\"},\"datePublished\":\"2013-12-28T18:30:00+00:00\",\"dateModified\":\"2016-07-30T05:54:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/taxclick.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Income tax rate for financial year 2013-2014\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/taxclick.org\/#website\",\"url\":\"https:\/\/taxclick.org\/\",\"name\":\"All About Finance\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/taxclick.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/taxclick.org\/#organization\",\"name\":\"All About Finance\",\"url\":\"https:\/\/taxclick.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"contentUrl\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"width\":235,\"height\":68,\"caption\":\"All About Finance\"},\"image\":{\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\",\"name\":\"Taxclick Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"caption\":\"Taxclick Team\"},\"description\":\"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.\",\"url\":\"https:\/\/taxclick.org\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Income tax rate for financial year 2013-2014 - All About Finance","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/","og_locale":"en_US","og_type":"article","og_title":"Income tax rate for financial year 2013-2014 - All About Finance","og_description":"A.\u00a0\u00a0\u00a0\u00a0 For resident individual (male or female) who is not senior citizen and HUF, AOP, BOI and AJP: Net Income Income Tax Rate Surcharge \u00a0 Up To Rs. 2 Lacks NIL NIL Rs.2 Lacks to Rs.5 Lacks 10% of (total income \u2013 Rs. 2 Lacks) NIL Rs.5 Lacks to Rs.10 Lacks Rs.30,000 + 20% of ... Read more","og_url":"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/","og_site_name":"All About Finance","article_published_time":"2013-12-28T18:30:00+00:00","article_modified_time":"2016-07-30T05:54:24+00:00","author":"Taxclick Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Taxclick Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/#article","isPartOf":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/"},"author":{"name":"Taxclick Team","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227"},"headline":"Income tax rate for financial year 2013-2014","datePublished":"2013-12-28T18:30:00+00:00","dateModified":"2016-07-30T05:54:24+00:00","mainEntityOfPage":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/"},"wordCount":430,"commentCount":0,"publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"keywords":["income tax","slab","tax rate"],"articleSection":["Income Tax"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/","url":"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/","name":"Income tax rate for financial year 2013-2014 - All About Finance","isPartOf":{"@id":"https:\/\/taxclick.org\/#website"},"datePublished":"2013-12-28T18:30:00+00:00","dateModified":"2016-07-30T05:54:24+00:00","breadcrumb":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/taxclick.org\/type\/income-tax\/income-tax-rate-for-financial-year-2013-2014-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxclick.org\/"},{"@type":"ListItem","position":2,"name":"Income tax rate for financial year 2013-2014"}]},{"@type":"WebSite","@id":"https:\/\/taxclick.org\/#website","url":"https:\/\/taxclick.org\/","name":"All About Finance","description":"","publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/taxclick.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/taxclick.org\/#organization","name":"All About Finance","url":"https:\/\/taxclick.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/","url":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","contentUrl":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","width":235,"height":68,"caption":"All About Finance"},"image":{"@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227","name":"Taxclick Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","caption":"Taxclick Team"},"description":"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.","url":"https:\/\/taxclick.org\/author\/admin\/"}]}},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"yarpp-thumbnail":false},"uagb_author_info":{"display_name":"Taxclick Team","author_link":"https:\/\/taxclick.org\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"A.\u00a0\u00a0\u00a0\u00a0 For resident individual (male or female) who is not senior citizen and HUF, AOP, BOI and AJP: Net Income Income Tax Rate Surcharge \u00a0 Up To Rs. 2 Lacks NIL NIL Rs.2 Lacks to Rs.5 Lacks 10% of (total income \u2013 Rs. 2 Lacks) NIL Rs.5 Lacks to Rs.10 Lacks Rs.30,000 + 20% of…","_links":{"self":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/25"}],"collection":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/comments?post=25"}],"version-history":[{"count":0,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/25\/revisions"}],"wp:attachment":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/media?parent=25"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/categories?post=25"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/tags?post=25"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}