INCOME TAX COMPUTATION TABLE INDIA FINANCIAL YEAR 2013-14

1. In case of every individual (other than resident individual who is of the age of 60 years or more at any time during the financial year 2013-14)

  INCOME                                             Tax Liability
1. Upto 200000                                    Nil
2. Between 200001 - 500000           10% of income in excess of 200000
3. Between 500001 - 1000000         30000 + 20% of income in excess of 500000
4. Above 1000000                              130000 + 30% of income in excess of 1000000

2. In case of  resident individual who is of the age of 60 years or more but less than 80 years at any time during the financial year 2013-14

INCOME                                             Tax Liability
1. Upto 250000                                    Nil
2. Between 250001 - 500000           10% of income in excess of 250000
3. Between 500001 - 1000000         25000 + 20% of income in excess of 500000
4. Above 1000000                              125000 + 30% of income in excess of 1000000

3. In case of resident individual who is of the age of 80 years or more at any time during the financial year 2013-14

INCOME                                             Tax Liability
1. Upto 500000                                    Nil
2. Between 500001 - 1000000         20% of income in excess of 500000
3. Above 1000001                              100000 + 30% of income in excess of 1000000