India income tax | Historical reference
Income Tax Rates and Slabs for FY 2013-14 (AY 2014-15)
This reference explains the Indian income tax rates that applied to income earned between 1 April 2013 and 31 March 2014, assessed in assessment year 2014-15. The rates are historical and must not be used to calculate tax for a current financial year.
1. Individuals below 60 years and Hindu Undivided Families (HUFs)
For FY 2013-14, the basic exemption limit for individuals below 60 years and HUFs was Rs. 2,00,000.
| Total taxable income | Income tax (before rebate, surcharge and cess) |
|---|---|
| Up to Rs. 2,00,000 | Nil |
| Rs. 2,00,001 to Rs. 5,00,000 | 10% of income above Rs. 2,00,000 |
| Rs. 5,00,001 to Rs. 10,00,000 | Rs. 30,000 plus 20% of income above Rs. 5,00,000 |
| Above Rs. 10,00,000 | Rs. 1,30,000 plus 30% of income above Rs. 10,00,000 |
Section 87A rebate: A resident individual with total income not exceeding Rs. 5,00,000 could claim a rebate equal to 100% of income tax or Rs. 2,000, whichever was lower. This was a tax rebate, not a deduction from taxable income, and did not automatically apply to HUFs or AOPs.
2. Senior citizens aged 60 to below 80
The age-based exemption applied to eligible resident individuals who were at least 60 but below 80 years during the relevant previous year.
| Taxable income | Income tax |
|---|---|
| Up to Rs. 2,50,000 | Nil |
| Rs. 2,50,001 to Rs. 5,00,000 | 10% above Rs. 2,50,000 |
| Rs. 5,00,001 to Rs. 10,00,000 | Rs. 25,000 plus 20% above Rs. 5,00,000 |
| Above Rs. 10,00,000 | Rs. 1,25,000 plus 30% above Rs. 10,00,000 |
3. Super senior citizens aged 80 or above
The higher exemption was available to eligible resident individuals aged 80 years or more during the previous year.
| Taxable income | Income tax |
|---|---|
| Up to Rs. 5,00,000 | Nil |
| Rs. 5,00,001 to Rs. 10,00,000 | 20% above Rs. 5,00,000 |
| Above Rs. 10,00,000 | Rs. 1,00,000 plus 30% above Rs. 10,00,000 |
4. Association of Persons (AOP) and Body of Individuals (BOI)
For an AOP or BOI, the ordinary individual slab structure generally started with a Rs. 2,00,000 basic exemption, but tax computation could change under sections 167A and 167B of the Income-tax Act, 1961, depending on whether members' shares were determinate and their other income. The section 87A rebate was restricted to qualifying resident individuals, not an AOP or BOI.
| Ordinary slab | Rate |
|---|---|
| Up to Rs. 2,00,000 | Nil, where normal slabs apply |
| Rs. 2,00,001 to Rs. 5,00,000 | 10% of excess |
| Rs. 5,00,001 to Rs. 10,00,000 | Rs. 30,000 plus 20% of excess above Rs. 5,00,000 |
| Above Rs. 10,00,000 | Rs. 1,30,000 plus 30% of excess above Rs. 10,00,000 |
5. Co-operative societies
For FY 2013-14, co-operative societies were subject to a separate graduated rate structure.
| Taxable income | Income tax |
|---|---|
| Up to Rs. 10,000 | 10% of total income |
| Rs. 10,001 to Rs. 20,000 | Rs. 1,000 plus 20% above Rs. 10,000 |
| Above Rs. 20,000 | Rs. 3,000 plus 30% above Rs. 20,000 |
6. Partnership firms and local authorities
Partnership firms, including LLPs: A flat basic income tax rate of 30% applied to taxable income for FY 2013-14, before applicable surcharge and cess.
Local authorities: A flat basic income tax rate of 30% applied, before applicable surcharge and cess.
7. Domestic companies
The standard basic income tax rate for domestic companies in FY 2013-14 was 30% of taxable income. A surcharge of 5% of income tax applied where total income exceeded Rs. 1 crore but did not exceed Rs. 10 crore; the surcharge was 10% where total income exceeded Rs. 10 crore. Applicable marginal relief and 3% education cess are relevant to the final computation.
8. Companies other than domestic companies
The general basic rate was 40% of taxable income. A special 50% rate applied to specified historical royalties and fees for technical services under qualifying agreements entered into during the statutory periods, subject to the conditions in the relevant Finance Act.
The surcharge was 2% where total income exceeded Rs. 1 crore but did not exceed Rs. 10 crore, and 5% where total income exceeded Rs. 10 crore, subject to marginal relief. Education cess and secondary and higher education cess together added 3% of tax plus surcharge.
9. Surcharge and education cess for AY 2014-15
Individuals, HUFs, AOPs and BOIs: A 10% surcharge applied when total income exceeded Rs. 1 crore. Firms, co-operative societies and local authorities: A 10% surcharge applied when total income exceeded Rs. 1 crore. Companies: The separate domestic and foreign company surcharge rates described above applied. Marginal relief could limit the additional tax caused by crossing a surcharge threshold.
Cess: Education cess at 2% and secondary and higher education cess at 1% were calculated on income tax plus applicable surcharge, resulting in a combined 3% for AY 2014-15. This is different from the later Health and Education Cess rules.
10. Legislative basis and official references
Historical rates for FY 2013-14 should be read with the Finance Act, 2013, the relevant provisions of the Income-tax Act, 1961, and the assessment-year-specific tax rules. Section 87A governed the resident individual rebate; sections 167A and 167B addressed specified AOP and BOI assessments.
- Income-tax Act and official legislative resources
- Finance Acts and historical tax legislation
- Income Tax e-Filing portal and current taxpayer guidance
- India Code: official central legislation database
This article is a historical tax-rate reference, not a current-year tax calculator. Actual liability may depend on residency, special-rate income, exemptions, deductions, rebates, surcharge, marginal relief and other provisions.