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% |