2014-15 income tax exemption limit in the new slab

2014-15 income tax exemption limit in the new slab
 

Income	Tax rate
Upto 2,50,000	NIL
2,50000 – 5,00,000	10%
5,00,000-10,00,000	20%
Income above Rs 10 Lac	30%
1 crore and above	30% Tax 10% surcharge

Senior citizens above 60 years and below 80 years
 

Income	Tax rate
Upto 3,00,000	NIL
3,00,000 -5,00,000	10%
5,00,000 – 10,00,000	20%
10,00,000 & above	30%

Taxpayers over the age of 80 to the tax slab

Income	Tax rate
Upto 5,00,000	NIL
5,00,000 – 10,00,000	20%
10,00,000 & above	30%