Income Tax Slabs

Income Tax Slabs & Rates for Financial  Year 2014-15

A. For Male / Female Individual (below 60 years of age) and HUF

 

Income Slab Range Rate of Tax
(Base Rate)
Surcharge Education / SHE Cess
Up to Rs. 2,50,000 Nil Nil Nil
Rs. 2,50,001 To Rs. 5,00,000 10% of total income minus Rs. 2,50,000 Nil 3%
Rs. 5,00,001 To Rs. 10,00,000 Rs. 25,000 + 20% of total income minus Rs. 5,00,000 Nil 3%
Rs. 10,00,001 To Rs. 1,00,00,000 Rs. 1,25,000 + 30% of total income minus Rs. 10,00,000 Nil 3%
Above Rs. 1,00,00,000 Rs. 28,25,000 + 30% of total income minus Rs. 1,00,00,000 10% of income tax 3%

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