Income Slab | Tax Rate |
Up to Rs.1,50,000 (Male) / Up to Rs 1,80,000 (Female) / Up to 2,25,000 (for resident individual of 65 years or above) | NIL |
Rs. 1,50,001 to Rs. 3,00,000 (Male)/ Rs 1,80,001 to Rs 3,00,000 (Female) | 10% |
Rs. 3,00,001 to Rs. 5,00,000 | 20% |
Rs. 5,00,001 and above | 30% * |
* A surcharge of 10 per cent of the total tax liability is applicable where the total income exceeds Rs 10,00,000.
- Education cess is applicable @ 3 per cent on income tax, inclusive of surcharge if there is any.
- Agricultural income is exempt from income-tax.
If you have any doubt regarding calculate of your tax, feel free to ask your query in below comment form. I will definitely help you within 24 hours.
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