Thursday, July 10, 2014

New Tax Slab For Financial Year 2014-15

New Tax Slab For Financial Year  2014-15

Male Taxpayer:-
0 to 2.5 Lakh  -->>  NIL Tax
2.5 to 5 Lakh  -->> 10% Tax
5 to 10 Lakh  -->>  20% Tax
Above10 Lakh  -->>  30% Tax

Female Taxpayer
0 to 2.5 Lakh  -->>  NIL Tax
2.5 to 5 Lakh  -->>  10% Tax
5 to 10 Lakh  -->>   20% Tax
Above10 Lakh  -->>30% Tax

Above 60 Taxpayer
0 to 3 Lakh  -->>  NIL Tax
3 to 5 Lakh  -->>  10% Tax
5 to 10 Lakh  -->>  20% Tax
Above10 Lakh  -->>  30% Tax.

   Other Benefits
1. 80C Rebate increase from 1.0 Lakh to          1.5 Lakh.
2. Home Loan Interest rebate increase           from 1.5 Lakh to 2.0 Lakh.
3. PPF investment limit increase from 1.0       Lakh to 1.5 Lakh.
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