Quick Answer · Historical
For FY 2013-14 (AY 2014-15), individuals below 60 had a basic exemption of ₹2,00,000, then 10% up to ₹5L, 20% up to ₹10L and 30% above ₹10L. Budget 2013 introduced the Section 87A rebate of ₹2,000 (income up to ₹5L) for the first time, reintroduced a 10% surcharge above ₹1 crore, and added a 3% education cess. There was no new regime — only the old (regular) regime applied.
Exemption ₹2,00,000
87A rebate ₹2,000
Top rate 30%
Cess 3%
These are historical rates for AY 2014-15
This page preserves the slabs as they applied for FY 2013-14 only. For the current default new-regime slabs (FY 2025-26 / AY 2026-27) where tax is nil up to ₹12 lakh taxable income, see our income tax slabs page and the 2025-26 calculator.
Individual below 60
Income Tax Slabs FY 2013-14 (AY 2014-15)
Slab rates for a resident individual below 60 years of age. Only the old (regular) regime existed in this year — Chapter VI-A deductions such as 80C were available.
| Income Slab | Tax Rate | Tax on the Slab |
|---|---|---|
| Up to ₹2,00,000 | Nil | ₹0 |
| ₹2,00,001 – ₹5,00,000 | 10% | Up to ₹30,000 (less 87A rebate ₹2,000) |
| ₹5,00,001 – ₹10,00,000 | 20% | ₹30,000 + 20% above ₹5L |
| Above ₹10,00,000 | 30% | ₹1,30,000 + 30% above ₹10L |
Add education cess of 3% (2% education + 1% secondary & higher education) on income tax after the 87A rebate. AY 2014-15 only.
Taxable income ₹4,00,000
Tax @10% on ₹2L (₹2L–₹4L)₹20,000
Less: 87A rebate−₹2,000
Cess @3%₹540
Tax payable₹18,540
Taxable income ₹12,00,000
Tax on first ₹10L₹1,30,000
Tax @30% on next ₹2L₹60,000
Cess @3% on ₹1,90,000₹5,700
Tax payable₹1,95,700
Age-based exemption
Senior & Super Senior Citizens — FY 2013-14
Senior citizens (60–79) enjoyed a higher basic exemption of ₹2,50,000 and super senior citizens (80+) an exemption of ₹5,00,000. The 87A rebate of ₹2,000 was available to residents with total income up to ₹5 lakh.
| Category | Basic Exemption | 10% Slab | 20% Slab | 30% Slab |
|---|---|---|---|---|
| Individual below 60 | ₹2,00,000 | ₹2L–₹5L | ₹5L–₹10L | Above ₹10L |
| Senior citizen (60–79) | ₹2,50,000 | ₹2.5L–₹5L | ₹5L–₹10L | Above ₹10L |
| Super senior (80+) | ₹5,00,000 | — | ₹5L–₹10L | Above ₹10L |
Super senior citizens paid no 10% slab — income up to ₹5L was fully exempt. Historical, AY 2014-15.
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Talk to a Tax Expert →First-ever rebate
Section 87A Rebate — Born in FY 2013-14
Section 87A was inserted by the Finance Act 2013 and applied from AY 2014-15. A resident individual 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 the very first statutory rebate for individual taxpayers and has since grown substantially — see Section 87A rebate for the current position.
Reintroduced
Surcharge — FY 2013-14
| Taxpayer | Income Level | Surcharge |
|---|---|---|
| Individual / HUF | Up to ₹1 crore | Nil |
| Individual / HUF | Above ₹1 crore | 10% |
| Domestic company | ₹1 crore – ₹10 crore | 5% |
| Domestic company | Above ₹10 crore | 10% |
Marginal relief applied — extra tax from surcharge could not exceed the income above ₹1 crore. See the current-year rules on our surcharge page.
How this year fits the timeline
FY 2013-14 was the last year with a ₹2,00,000 basic exemption — Budget 2014 raised it to ₹2,50,000 and lifted the 80C limit to ₹1,50,000 from FY 2014-15. Compare with FY 2014-15 and FY 2015-16.
Finance Act 2013
Budget 2013 — Key Changes for Individuals
| Change | What it did |
|---|---|
| Section 87A rebate — introduced | ₹2,000 rebate for residents with total income up to ₹5,00,000 — first-ever rebate for individuals |
| Surcharge reintroduced | 10% surcharge on income tax for individuals with income above ₹1 crore |
| Commodities Transaction Tax (CTT) | 0.01% CTT on non-agricultural commodity futures, effective 1 July 2013 |
| Section 80EE — home loan | New ₹1,00,000 deduction for first-time buyers (loan ≤ ₹25L, property ≤ ₹40L, sanctioned Apr 2013–Mar 2014) |
| Section 80C limit | Unchanged at ₹1,00,000 (raised to ₹1,50,000 only in FY 2014-15) |
| Rajiv Gandhi Equity Savings | 80CCG: 50% deduction on up to ₹50,000 for first-time equity investors (income ≤ ₹12L) |
Historical Budget 2013 measures applicable to AY 2014-15.
Old regime
Key Deductions Available in FY 2013-14
- Section 80C — EPF, PPF, LIC, ELSS, NSC, home loan principal, tuition fees: up to ₹1,00,000
- Section 80D — health insurance premium: up to ₹15,000 (₹20,000 for senior citizens)
- Section 80TTA — savings bank interest: up to ₹10,000
- Section 80EE — first-home buyer (new this year): up to ₹1,00,000
- Section 80CCG — Rajiv Gandhi Equity Savings Scheme
- HRA, transport allowance ₹800/month, medical reimbursement ₹15,000 — standard deduction did not exist (introduced FY 2018-19)
Then vs now
FY 2013-14 vs the Current Year
2013-14
Old regime only
- Basic exemption ₹2,00,000
- 87A rebate just ₹2,000 (income ≤ ₹5L)
- 80C capped at ₹1,00,000
- No standard deduction
- 3% education cess
vs
2025-26
New regime is default
- Nil tax up to ₹12L taxable income (87A)
- ₹75,000 standard deduction (new regime)
- Slabs up to ₹24L before 30%
- 4% health & education cess
- Old regime optional for 80C users
Working out your tax for the current year instead?
Open the 2025-26 calculator →Government sourcesSlabs & rebate: incometax.gov.in · Section 87A & surcharge: Finance Act 2013 · Current-year slabs: TaxClue income tax slabs · CTT: Chapter VII, Finance Act 2013 (eff. 1 Jul 2013)
People also ask
FY 2013-14 Income Tax — FAQs
Slabs & Rates
What were the income tax slab rates for FY 2013-14 (AY 2014-15)?
For FY 2013-14 (AY 2014-15), individuals below 60 paid: Nil up to ₹2,00,000; 10% on ₹2,00,001–₹5,00,000; 20% on ₹5,00,001–₹10,00,000; and 30% above ₹10,00,000. Senior citizens (60–79) had a ₹2,50,000 exemption and super senior citizens (80+) had ₹5,00,000. A 3% education cess applied on the income tax payable.
What was the basic exemption limit in FY 2013-14?
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.
Was there a new tax regime in FY 2013-14?
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.
What was the education cess in FY 2013-14?
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.
Section 87A
Was Section 87A rebate available in FY 2013-14?
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.
How much was the 87A rebate in 2013-14 and how has it changed?
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.
Who could claim the ₹2,000 rebate in FY 2013-14?
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.
Surcharge
What was the surcharge on income tax in FY 2013-14?
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).
Did I pay surcharge if my income was below ₹1 crore in 2013-14?
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
What were the key Budget 2013 changes for individual taxpayers?
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.
What was the Commodities Transaction Tax (CTT) introduced in Budget 2013?
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.
Was Section 80EE home loan deduction available in FY 2013-14?
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.
Deductions
What was the Section 80C limit in FY 2013-14?
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.
Was standard deduction available in FY 2013-14?
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).
Filing
Can I still file or revise my income tax return for FY 2013-14?
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.
Where can I see the current income tax slabs instead?
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.
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