Income Tax Rates Ay 2013-14

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Income Tax Reckoner
1. RatesofIncomeTax
Individuals&CharitableTrust,
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

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

*includes Charitable Trusts and Women.

DomesticCompanies
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%

ForeignCompanies
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%

AlternateMinimumTax(AMT) (OtherthanCompaniesandLLP) 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%

LimitsforTaxAuditandPresumptivetaxation
Source of Income From Business From Profession Due Date ` 1 Crore ` 25 Lacs

   

33, First Floor, Babar Road, Bengali Market, New Delhi – 110001  Phone : 23354546, 23354547 Mail : mail@vedjainassociates.com 

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. DuedatesforfilingofIncomeTaxReturns

a) where accounts of the assessee are required to be audited under any law b) where the assessee is a working partner in a firm whose accounts are required to be audited under any law c) in any other case

3. PaymentofAdvanceTax
[PayableonlywhereAssessedTax(AT)>`10,000]
Due Dates Assessee Corporate On or before June 15 of the financial year On or before September 15 of the financial year On or before December 15 of the financial year On or before March 15 of the financial year  15% of AT 45% of AT 75% of AT 100% of AT Non-Corporate Nil 30% of AT 60% of AT 100% of AT

Resident Senior citizens, not having any income chargeable under the head Profits & gains of business & profession have been exempted from payment of Advance Tax.

4. CapitalGainstaxrates
Particulars Sale transactions of equity shares/unit of an equity oriented fund which attract STT Sale transaction other than mentioned above a) Individuals (R and NR) b) Firms including LLP(R and NR) c) Resident Companies Sale transaction of unit/zero coupon bond Slab Rates 30% 30% Slab Rates 20% with indexation 20% with indexation 20% with indexation 20% with indexation or 10% without indexation STCG Rates 15% LTCG Rates Nil

   

33, First Floor, Babar Road, Bengali Market, New Delhi – 110001  Phone : 23354546, 23354547 Mail : mail@vedjainassociates.com 



Ved Jain & Associates

Income Tax Reckoner
Assets Building Residential building other than hotels and boarding houses Office, factory, godown or building Temporary erections such as wooden structures Furniture Any furniture/fittings including electrical fittings Plant & Machinery

AY: 2013-14
Rate

5. RatesofDepreciation(underSection32)

5% 10% 100%

10%

Any plant and machinery not covered under any other block and motor cars Computers including softwares and books Intangible Assets Know how, patents, copyrights, trademarks, licenses, franchises and any other rights of similar nature

15% 60%

25%

6. InterestPayable–IncomeTaxAct
Default Delay in...
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