29 November 2017
Income Tax Slab for Individual Tax Payers & HUF (Less Than 60 Years Old) (Both Men & Women) Income Slab Income up to Rs 2,50,000- No tax Income from Rs 2,50,000 – Rs 5,00,000 -5% Income from Rs 5,00,000 – 10,00,000- 20% Income more than Rs 10,00,000- 30% Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh up to Rs.1 crore. Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore. Cess: 3% on total of income tax + surcharge
Income Tax Slab for Senior Citizens (60 Years Old Or More but Less than 80 Years Old)(Both Men & Women) Income Slab Income up to Rs 3,00,000 -No tax Income from Rs 3,00,000 – Rs 5,00,000-5% Income from Rs 5,00,000 – 10,00,000-20% Income more than Rs 10,00,000-30% Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh upto Rs.1 crore. Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore. Cess: 3% on total of income tax + surcharge.
Income Tax Slab for Senior Citizens(80 Years Old Or More) (Both Men & Women)
Income Slab Income up to Rs 2,50,000- No tax Income up to Rs 5,00,000-No tax Income from Rs 5,00,000 – 10,00,000- 20% Income more than Rs 10,00,000-30% Surcharge: 15% of income tax, where total income exceeds Rs.1 crore. Cess: 3% on total of income tax + surcharge.
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