Tax rates slabs in case of a senior citizen ~ Income Tax Summary

pkY4X3OXyN6emYJX_mjXI-2gwYk Tax rates slabs in case of a senior citizen ~ Income Tax Summary

Wednesday, 28 November 2012

Tax rates slabs in case of a senior citizen

04:14 Varsha No comments

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%