The following slabs/brackets (fiscal year 2017-18) are to be used while calculating your tax liability:
Individuals less than 60 years old:
|
Annual Income |
Tax Rate |
|
Up to Rs.2,50,000 |
Nil |
|
Rs.2,50,001-Rs.5,00,000 |
5% |
|
Rs.5,00,001-Rs.10,00,000 |
20% |
|
Above Rs.10,00,000 |
30% |
Individuals between 60 to 80 years old:
|
Annual Income |
Tax Rate |
|
Up to Rs.3,00,000 |
Nil |
|
Rs.3,00,001-Rs.5,00,000 |
5% |
|
Rs.5,00,001-Rs.10,00,000 |
20% |
|
Above Rs.10,00,000 |
30% |
Individuals over 80 years old:
|
Annual Income |
Tax Rate |
|
Up to Rs.5,00,000 |
Nil |
|
Rs.5,00,001-Rs.10,00,000 |
20% |
|
Above Rs.10,00,000 |
30% |
You can find more information on topics like e filing, income tax, refund status, etc. on our blog
Comments
1 comment
well done! its nice and easy to find some thing explained neatly through a tabulated manner.Really great that u take initiative to tell people about this and your way of representation of thought is really good.We can understand out problem very easily and get our answers faster.
Thanks , this really help me alot.
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