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 RangeRate of Tax
(Base Rate)
SurchargeEducation / SHE Cess
Up to Rs. 2,50,000NilNilNil
Rs. 2,50,001 To Rs. 5,00,00010% of total income minus Rs. 2,50,000Nil3%
Rs. 5,00,001 To Rs. 10,00,000Rs. 25,000 + 20% of total income minus Rs. 5,00,000Nil3%
Rs. 10,00,001 To Rs. 1,00,00,000Rs. 1,25,000 + 30% of total income minus Rs. 10,00,000Nil3%
Above Rs. 1,00,00,000Rs. 28,25,000 + 30% of total income minus Rs. 1,00,00,00010% of income tax3%