**iLearning **

**Income Tax iLearning**

**current income tax rate slab for woman in india for financial
year 2013 -14 , assessment year 2014-15 budget 2013 with example**

**Tax Rate Slab for Women fy 2013-14 ay 2014-15**

Slab | Tax Rate | Example for explanation |

Net taxable income is below Rs 200000 | NIL | |

Net taxable income is between Rs 200000 to Rs 500000 | 10 % on income above Rs 200000 Less rebate of Rs 2000 | For example if your net taxable income is Rs 350000. First the basic exemption of Rs 200000 will be deducted out of Rs 350000 i.e. 350000-200000=Rs 150000 and tax will be calculated as 150000*10%.=Rs 15000. Also add 3 % cess on 15000 i.e. 450 hence your total tax will be Rs 15450-2060=13390.00 |

Net taxable income is between Rs 500000 to Rs1000000 | Rs 30000 Plus 20% on income above Rs 500000 | For example if your net taxable income is Rs 750000. You need to pay 30000 on first 500000 and for remaining income tax will 20% i.e. 250000*20%=50000. hence your tax will be Rs 30000 + Rs 50000=Rs 80000. Also add 3% cess on 80000 i.e. 2400 hence your total tax will be Rs 82400 |

Net taxable income is above 1000000 | 130000 Plus 30% on income above Rs 1000000 | For example if your net taxable income is Rs 1500000. You need to pay 130000 on first 1000000 and for remaining income tax will be sana khan i.e. 500000*30%= Rs 150000. hence your tax will be Rs 130000 + Rs 150000=Rs 280000 Also add 3% cess on 280000 i.e. 8400 hence your total tax will be Rs 288400 |

Historical rate

**Tax Rate Slab for Women fy 2012-13 ay 2013-14**

Net taxable income is below Rs 200000 |
NIL |
---|---|

Net taxable income is between Rs 200000 to Rs 500000 |
10 % on income above Rs 200000 |

Net taxable income is between Rs 500000 to Rs1000000 |
Rs 30000 Plus 20% on income above Rs 500000 |

Net taxable income is above 1000000 |
130000 Plus 30% on income above Rs 1000000 |