Income Tax Slab FY 2013-14 AY 2014-15 (Budget 2013)

The basic exemption limit was ₹2,00,000 for individuals below 60, ₹2,50,000 for senior citizens (60–79) and ₹5,00,000 for super senior citizens (80+). This was the last year with a ₹2,00,000 general exemption — Budget 2014 raised it to ₹2,50,000 from FY 2014-15.

No. The new (concessional) tax regime did not exist in FY 2013-14 — it was introduced only from FY 2020-21. In 2013-14 only the old (regular) regime applied, with full access to Chapter VI-A deductions like 80C, 80D and 80TTA. The new regime is now the default for the current year; see our income tax slabs page.

A total education cess of 3% applied — 2% primary education cess plus 1% secondary and higher education cess — levied on the income tax (plus surcharge, if any) after deducting the Section 87A rebate. The cess was later raised to 4% (health & education cess) from FY 2018-19.

Yes — Section 87A was introduced for the first time by the Finance Act 2013 and became effective from FY 2013-14 (AY 2014-15). Resident individuals with total income up to ₹5,00,000 got a rebate of up to ₹2,000 (or the actual tax, whichever was lower), deducted from income tax before the 3% cess.

It was ₹2,000 for income up to ₹5 lakh in FY 2013-14. It later rose to ₹5,000 (FY 2016-17), ₹2,500 (FY 2017-18), ₹12,500 for income up to ₹5 lakh (FY 2019-20), and under the current new regime makes tax nil up to ₹12 lakh taxable income. See our Section 87A page for the current rebate.

Only a resident individual whose total income (after deductions) did not exceed ₹5,00,000. It was not available to non-residents, HUFs, firms or companies. If the tax before cess was less than ₹2,000, the rebate was limited to that lower tax amount.

A surcharge of 10% was levied on the income tax of individuals, HUFs, AOPs and BOIs with total income above ₹1 crore — reintroduced by Budget 2013 after some years. Marginal relief ensured the additional tax did not exceed the income above ₹1 crore. Domestic companies faced 5% (₹1–10 crore) and 10% (above ₹10 crore).

No. For FY 2013-14, there was no surcharge on individuals with total income of ₹1 crore or less. Surcharge at 10% applied only when total income exceeded ₹1 crore, and even then marginal relief capped the extra outgo.

Budget 2013 introduced the Section 87A rebate (₹2,000 for income up to ₹5L), reintroduced a 10% surcharge above ₹1 crore, introduced Commodities Transaction Tax (CTT) at 0.01% on non-agricultural commodity futures, and added Section 80EE — a ₹1 lakh deduction for first-time home buyers. The 80C limit stayed at ₹1,00,000.

CTT was introduced by the Finance Act 2013, effective 1 July 2013, on non-agricultural commodity futures traded on recognised exchanges, at 0.01% of the transaction value — bringing commodity futures in line with equity futures (STT). Agricultural commodities were exempt, and CTT paid was deductible in computing business income.

Yes. Budget 2013 introduced Section 80EE — an additional deduction of up to ₹1,00,000 on home loan interest for first-time buyers, for loans up to ₹25 lakh on property valued up to ₹40 lakh, sanctioned between April 2013 and March 2014. This was over and above the Section 24(b) interest deduction.

The Section 80C deduction limit was ₹1,00,000 in FY 2013-14, covering EPF, PPF, LIC premiums, ELSS, NSC, home loan principal and tuition fees. It was raised to ₹1,50,000 only from FY 2014-15. There was no standard deduction in 2013-14 — that returned only in FY 2018-19.

No. The standard deduction for salaried taxpayers was not available in FY 2013-14 — it had been withdrawn earlier and was reintroduced (at ₹40,000, later ₹50,000) only from FY 2018-19. Salaried individuals instead relied on HRA, transport allowance (₹800/month) and medical reimbursement (₹15,000).

The normal time limits to file, revise or belatedly file a return for AY 2014-15 have long lapsed, so it cannot be filed voluntarily now. Action is possible only through specific mechanisms such as a notice, condonation of delay, or an updated return where eligible. Speak to a TaxClue expert about your options.

For the current default new-regime slabs (FY 2025-26 / AY 2026-27) — where tax is nil up to ₹12 lakh taxable income and salaried individuals pay nil up to about ₹12.75 lakh after the ₹75,000 standard deduction — see our income tax slabs page and use the 2025-26 income tax calculator.