The Income rates and slabs for year 2013-2014 (Assessment year 2014-2015)are as follows:
|Annual Income||Tax Slab|
|Up-to Rs 200,000 (for senior citizens 250,000)||Nil|
|Between Rs 200,000 to 500,000||10%|
|Between Rs 500,000 to 1,000,000||20%|
|Above Rs 1,000,000||30%|
|No enhanced limit for women. Men and women are treated same now .|
Education cess of 3% will levied for on total income tax computed.