| Individual resident aged below 60 years or any NRI/ HUF/ AOP/ BOI |
|
|
|
| Income Slabs |
Tax Rates |
| i. |
Where the taxable income does not exceed Rs. 2,50,000/-. |
NIL |
| ii. |
Where the taxable income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-. |
10% of amount by which the taxable income exceeds Rs. 2,50,000/-. |
| Less ( in case of Resident Individuals only ) : Tax Credit u/s 87A – 10% of taxable income upto a maximum of Rs. 2000/-. |
| iii. |
Where the taxable income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-. |
Rs. 25,000/- + 20% of the amount by which the taxable income exceeds Rs. 5,00,000/-. |
| iv. |
Where the taxable income exceeds Rs. 10,00,000/-. |
Rs. 125,000/- + 30% of the amount by which the taxable income exceeds Rs. 10,00,000/-. |
|
|
|
| Individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the previous year |
|
|
|
| Income Slabs |
Tax Rates |
| i. |
Where the taxable income does not exceed Rs. 3,00,000/-. |
NIL |
| ii. |
Where the taxable income exceeds Rs. 3,00,000/- but does not exceed Rs. 5,00,000/- |
10% of the amount by which the taxable income exceeds Rs. 3,00,000/-. |
| Less : Tax Credit u/s 87A – 10% of taxable income upto a maximum of Rs. 2000/-. |
| iii. |
Where the taxable income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/- |
Rs. 20,000/- + 20% of the amount by which the taxable income exceeds Rs. 5,00,000/-. |
| iv. |
Where the taxable income exceeds Rs. 10,00,000/- |
Rs. 120,000/- + 30% of the amount by which the taxable income exceeds Rs. 10,00,000/-. |
|
|
|
|
|
|
| Individual resident who is of the age of 80 years or more at any time during the previous year |
|
|
|
| Income Slabs |
Tax Rates |
| i. |
Where the taxable income does not exceed Rs. 5,00,000/-. |
NIL |
| ii. |
Where the taxable income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/- |
20% of the amount by which the taxable income exceeds Rs. 5,00,000/-. |
| iii. |
Where the taxable income exceeds Rs. 10,00,000/- |
Rs. 100,000/- + 30% of the amount by which the taxable income exceeds Rs. 10,00,000/-. |
