INCOME TAX RATES

Income-Tax Rates For A.Y.2018-19 (F.Y.2017-18)

For Men & Women Below 60 Years Of Age


Income Tax Slab

Income Tax Rate

Income upto Rs. 2,50,000

Nil

Income between Rs. 2,50,001 - Rs. 500,000

5% of Income exceeding Rs. 2,50,000

Income between Rs. 500,001 - Rs. 10,00,000

20% of Income exceeding Rs. 5,00,000

Income above Rs. 10,00,000

30% of Income exceeding Rs. 10,00,000

For Senior Citizens (Age 60 years or more but less than 80 years)


Income Tax Slab

Income Tax Rate

Income upto Rs. 3,00,000

Nil

Income between Rs. 3,00,001 - Rs. 500,000

5% of Income exceeding Rs. 3,00,000

Income between Rs. 500,001 - Rs. 10,00,000

20% of Income exceeding Rs. 5,00,000

Income above Rs. 10,00,000

30% of Income exceeding Rs. 10,00,000

For Senior Citizens (Age 80 years or more)


Income Tax Slab

Income Tax Rate

Income upto Rs. 5,00,000

Nil

Income between Rs. 500,001 - Rs. 10,00,000

20% of Income exceeding Rs. 5,00,000

Income above Rs. 10,00,000

30% of Income exceeding Rs. 10,00,000

 

Income-Tax Rates For A.Y.2017-18 (F.Y.2016-17)

For Men & Women Below 60 Years Of Age


Income Tax Slab

Income Tax Rate

Income upto Rs. 2,50,000

Nil

Income between Rs. 2,50,001 - Rs. 500,000

10% of Income exceeding Rs. 2,50,000

Income between Rs. 500,001 - Rs. 10,00,000

20% of Income exceeding Rs. 5,00,000

Income above Rs. 10,00,000

30% of Income exceeding Rs. 10,00,000

For Senior Citizens (Age 60 years or more but less than 80 years)


Income Tax Slab

Income Tax Rate

Income upto Rs. 3,00,000

Nil

Income between Rs. 3,00,001 - Rs. 500,000

10% of Income exceeding Rs. 3,00,000

Income between Rs. 500,001 - Rs. 10,00,000

20% of Income exceeding Rs. 5,00,000

Income above Rs. 10,00,000

30% of Income exceeding Rs. 10,00,000

For Senior Citizens (Age 80 years or more)


Income Tax Slab

Income Tax Rate

Income upto Rs. 5,00,000

Nil

Income between Rs. 500,001 - Rs. 10,00,000

20% of Income exceeding Rs. 5,00,000

Income above Rs. 10,00,000

30% of Income exceeding Rs. 10,00,000