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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