Income Tax Rates Ay 2013-14

Income Tax Reckoner
1. Rates of Income Tax
Individuals & Charitable Trust,
General* Up to ` 2.00 Lacs ` 2.00 - ` 5.00 Lacs ` 5.00 - ` 10.00 Lacs ` 10.00 Lacs & above Senior Citizen (60 to 79) Up to ` 2.50 Lacs ` 2.50 - ` 5.00 Lacs ` 5.00 - ` 10.00 Lacs ` 10.00 Lacs & above Very Senior citizen (80 and above) Up to ` 5.00 Lacs ` 5.00 - ` 10.00 Lacs ` 10.00 Lacs & above

AY: 2013-14

(Amount in `) Rates Nil 10% + 3% EC 20% + 3% EC 30% + 3% EC

*includes Charitable Trusts and Women.

Domestic Companies
Total income Up to ` 1 Crore > ` 1 Crore Income tax 30.00% 30.00% Surcharge 5.00% E. Cess 3.00% 3.00% MAT 18.50% 18.50% Surcharge E. Cess 5.00% 3.00% 3.00%

Foreign Companies
Total income Up to ` 1 Crore > ` 1 Crore Income tax 40.00% 40.00% Surcharge 2.00% E. Cess 3.00% 3.00% MAT 18.50% 18.50% Surcharge E. Cess 2.00% 3.00% 3.00%

LLP
Assessee LLP Income tax 30.00% Surcharge E. Cess 3.00% AMT 18.50% Surcharge E. Cess 3.00%

Alternate Minimum Tax (AMT ) (Other than Companies and LLP)
Assessee Individuals & HUF Adjusted Total Income Upto ` 20.00 Lakh ` 20.00 Lakh & above Upto ` 20.00 Lakh ` 20.00 Lakh & above A.M.T N.A. 18.50% N.A. 18.50% Surcharge E. Cess N.A. N.A. N.A.

Other than Companies, LLP & Individuals

N.A. 3.00%

Limits for Tax Audit and Presumptive taxation
Source of Income From Business From Profession Due Date ` 1 Crore ` 25 Lacs

33, First Floor, Babar Road, Bengali Market, New Delhi – 110001 Phone : [phone] Mail : [e-mail]

Ved Jain & Associates

3.00%

Income Tax Reckoner
Assessee Companies required to submit Transfer Pricing Audit Report Other Companies Other than company

AY: 2013-14
Due Date 30-Nov 30-Sep 30-Sep 30-Sep 31-Jul

2. Due dates for filing of Income Tax Returns

a) where accounts of the assessee are required to be