Surcharge on Income Tax

At present  surcharge is not levied in case of an Individual/HUF/ AOP/ AJP/Co-operative Societies/ Local Authorities/ Partnership Firms/LLP.

However, in the following cases, surcharge is leviable subject to the conditions:
1. Domestic Companies and the rate is 5 %
2. Foreign Companies and the rate is 2%

Condition:
If the total income exceeds Rs. 1 crore, surcharge is leviable at the aforementioned rates.

Have a look at the below content of Institute of Chartered Accountants of India

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For Individual Age 80 Years or more ( Super Citizen ) tax slabs

For A.Y 2013-14, in case of an lndividual ,Age 80 Years or more ( Super Citizen ) the slab rates is as below
Up to 500000 :    Nil
500001-1000000 : 20%
1000001 & above : 30%

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Tax rates slabs in case of a senior citizen

For the A.Y 2013-14, in case of a senior citizen of 60 years or more but below 80 years, the non Taxable Limit has been raised to Rs. 2,50,000.So, the new rates are as follows:

Up to 250000 :    Nil
250001-500000 : 10%
500001-1000000 : 20%
1000001 & above : 30%

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Basic Non taxable Limit for an Individual

For the A.Y 2013-14, Income tax Limit in case of an Individual below 60 years of Age /HUF/AOP/ and every artificial Juridical Person has been Raised to Rs.2,00,000

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