BRAKING NEWS: INCOME TAX NI MARYDA VADHARAYI

New Tax Slab FY 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.