UNION BUDGET 2014-15 IMPACT : NO CHANGE IN SLABS OR RATE
FOR PERSONAL INCOME TAX
Income Tax Slab for Senior Citizens : Age Between 60 Yrs - 80 Yrs
Income tax slab (in Rs.) |
Tax |
0 to 2,50,000 |
Nil |
2,50,001 to 5,00,000 |
10 % |
5,00,001 to 10,00,000 |
20 % |
Above 10,00,000 |
30 % |
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Income Tax Slab for Senior Citizens : Above 80 Yrs
Income tax slab (in Rs.) |
Tax |
0 to 500,000 |
Nil |
5,00,001 to 10,00,000 |
20 % |
Above 10,00,000 |
30 % |