Income Tax Slab for Year 2014-15


For the financial year 2014-15 the new income tax rules has been applied, individuals with below Rs 2,50,000 are under Tax payable. Check out Income Tax Slab for Year 2014-15, Section 80C has been increased to Rs 1,50,000 and also PPF Public Provident Fund saving also increased to Rs 1,50,000 from Rs 1,00,000.
Income RangeGeneral CategoryWomenSenior Citizens above 60 years
Under Rs 2,50,000No TaxNo TaxNo Tax
Rs 2,50,001 to Rs 3,00,00010%10%No Tax
Rs 2,50,001 to Rs 5,00,00010%10%10%
Rs 5,00,001 to Rs 10,00,00020%20%20%
Above Rs 10,00,00030%30%30%