Proposed Tax Slab* for Financial Year 13-14 (Assessment Year 14-15)
| For Men below 60 years of age | For Senior Citizens (Age 60 years or more but less than 80 years) | ||
|---|---|---|---|
| Income Level | Tax Rate | Income Level | Tax Rate |
| Rs. 2,00,000 | Nil | Upto Rs. 2,50,000 | Nil |
| Rs. 2,00,001 – Rs. 500,000 | 10% | Rs. 2,50,001 – Rs. 500,000 | 10% |
| Rs. 500,001 – Rs. 10,00,000 | 20% | Rs. 500,001 – Rs. 10,00,000 | 20% |
| Above Rs. 10,00,000 | 30% | Above Rs. 10,00,000 | 30% |