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Income Tax Slab & Deductions FY 2013-14
Latest Income Tax Slab 2020-21
Proposed Tax Slab* for Financial Year 13-14 (Assessment Year 14-15)
| For Men below 60 years of age | For Senior Citizens (Age 60 years or more but less than 80 years) | For Senior Citizens (Age 80 years or more) | |||
|---|---|---|---|---|---|
| Income Level | Tax Rate | Income Level | Tax Rate | Income Level | Tax Rate |
| Rs. 2,00,000 | Nil | Upto Rs. 2,50,000 | Nil | Upto Rs. 5,00,000 | Nil |
| Rs. 2,00,001 - Rs. 500,000 | 10% | Rs. 2,50,001 - Rs. 500,000 | 10% | Rs. 5,00,001 - Rs. 10,00,000 | 20% |
| Rs. 500,001 - Rs. 10,00,000 | 20% | Rs. 500,001 - Rs. 10,00,000 | 20% | Above Rs. 10,00,000 | 30% |
| Above Rs. 10,00,000 | 30% | Above Rs. 10,00,000 | 30% | ||
Income Tax Deductions and Exemptions
| Income Tax Section | Gross Annual Salary | How Much Tax Can You Save? | HDFC Standard Life Plans |
|---|---|---|---|
| Sec. 80C | Across all income slabs | Upto Rs. 30,900/-saved on investment of Rs. 1,00,000/- | All our Life Insurance Plans Buy Life Insurance and Save Tax |
| Sec. 80CCC | Across all income slabs | Upto Rs. 30,900/-saved on Investment of Rs.1,00,000/- | All our Pension Plans
To learn more about the income tax slabs AY 18-19, click here. |
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Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
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HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance solutions - protection, pension, savings, investment, annuity and health.
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