In case of individual (other than II, III and IV below) and HUF:-
Income Level / Slabs | Income Tax Rate | |
---|---|---|
i. | Where the total income does not exceed Rs.200,000/-. | NIL |
ii. | Where the total income exceeds Rs.2,00,000/- but does not exceed Rs.5,00,000/-. | 10% of amount by which the total income exceeds Rs. 2,00,000/- Less - Proposed of Rs. 2000/- tax credit for tax payers in tax bracket of Rs. 2-5 lakh |
iii. | Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/-. | Rs. 30,000/- + 20% of the amount by which the total income exceeds Rs.5,00,000/-. |
iv. | Where the total income exceeds Rs.10,00,000/-. | Rs. 130,000/- + 30% of the amount by which the total income exceeds Rs.10,00,000/-. |
Surcharge : 10% On Taxpayers with annual income of more than one Crore rupee a year.
Education Cess:3% of the Income-tax.
II. In case of individual being a woman resident in India and below the age of 60 years at any time during the previous year:-
Income Level / Slabs | Income Tax Rate | |
---|---|---|
i. | Where the total income does not exceed Rs.2,00,000/-. | NIL |
ii. | Where total income exceeds Rs.2,00,000/- but does not exceed Rs.5,00,000/-. | 10% of the amount by which the total income exceeds Rs.2,00,000/-. Less - Proposed of Rs. 2000/- tax credit for tax payers in tax bracket of Rs. 2-5 lakh |
iii. | Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/-. | Rs. 30,000- + 20% of the amount by which the total income exceeds Rs.5,00,000/-. |
iv. | Where the total income exceeds Rs.10,00,000/- | Rs.130,000/- + 30% of the amount by which the total income exceeds Rs.10,00,000/-. |
Surcharge : 10% On Taxpayers with annual income of more than one Crore rupee a year.
Education Cess:3% of the Income-tax.
III. In case of an individual resident who is of the age of 60 years or more at any time during the previous year:-
Income Level / Slabs | Income Tax Rate | |
---|---|---|
i. | Where the total income does not exceed Rs.2,50,000/-. | NIL |
ii. | Where the total income exceeds Rs.2,50,000/- but does not exceed Rs.5,00,000/- | 10% of the amount by which the total income exceeds Rs.2,50,000/-. Less - Proposed of Rs. 2000/- tax credit for tax payers in tax bracket of Rs. 2-5 lakh |
iii. | Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/- | Rs.25,000/- + 20% of the amount by which the total income exceeds Rs.5,00,000/-. |
iv. | Where the total income exceeds Rs.10,00,000/- | Rs.125,000/- + 30% of the amount by which the total income exceeds Rs.10,00,000/-. |
Surcharge : 10% On Taxpayers with annual income of more than one Crore rupee a year.
Education Cess:3% of the Income-tax.
IV. In case of an individual resident who is of the age of 80 years or more at any time during the previous year:-
Income Level / Slabs | Income Tax Rate | |
---|---|---|
i. | Where the total income does not exceed Rs.5,00,000/-. | NIL |
ii. | Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/- | 20% of the amount by which the total income exceeds Rs.5,00,000/-. |
iv. | Where the total income exceeds Rs.10,00,000/- | Rs.100,000/- + 30% of the amount by which the total income exceeds Rs.10,00,000/-. |
Surcharge : 10% On Taxpayers with annual income of more than one Crore rupee a year.
Education Cess:3% of the Income-tax.Calculations Made Easy Calculator