Income Tax Slabs for the Financial Year 2013-14 or Assessment Year 2014-15
Up to Rs. 2,00,000 Nil;
Rs. 2,00,001 to Rs. 5,00,000 10 per cent.
Rs. 5,00,001 to Rs. 10,00,000 20 per cent.
Above Rs.10,00,000 30 per cent.
(ii) In the case of every individual, being a resident in India, who is of the age of sixty years or more but less than the age of eighty years at any time during the previous year:—
Up to Rs. 2,50,000 Nil;
Rs. 2,50,001 to Rs. 5,00,000 10 per cent.
Rs. 5,00,001 to Rs. 10,00,000 20 per cent.
Above Rs. 10,00,000 30 per cent.
(iii) In the case of every individual, being a resident in India, who is of the age of eighty years or more at any time during the previous year:—
Up to Rs. 5,00,000 Nil;
Rs. 5,00,001 to Rs. 10,00,000 20 per cent.
Above Rs. 10,00,000 30 per cent.
The surcharge in cases of persons referred to in this paragraph, having income above one crore rupees shall be levied at the rate of ten per cent. Marginal relief will be provided.
As already defined that a rebate of Rs. 2000/- of Income Tax will be provided under section 87A which is detailed here (click here to know more)
To Check Previous Years Income Tax Slabs (Click Here)