Tax Information

Proposed Income tax slabs 2017-2018 for Individuals & HUF

Income tax slab (in Rs.) Tax percentage Education Cess Surcharge
0 to 250000 Nil Nil Nil
250001 to 350000 5%* 3% Nil
250001 to 500000 5%* 3% Nil
500001 to 1000000 20%* 3% Nil
1000001 to 5000000 30%* 3% Nil
5000001 to 10000000 30%* 3% 10%
10000001 & Above 30%* 3% 15%

Proposed Income tax slabs 2017-2018 – for Senior citizens (Aged 60 years but less than 80 years)

Proposed Income tax slabs 2017-2018 - for Senior citizens (Aged 60 years but less than 80 years)

Income tax slab (in Rs.) Tax percentage Education Cess Surcharge
0 to 300000 Nil Nil Nil
300001 to 350000 5%* Nil Nil
300001 to 500000 5%* Nil Nil
500000 to 1000000 20%* Nil Nil
1000001 to 5000000 30%* 3% Nil
5000001 to 10000000 30%* 3% 10%
10000001 & Above 30%* 3% 15%

* U/S 87A, Tax rebate of Rs 2,500 for individuals with income of up to Rs 3.5 Lakh has been proposed

Proposed Income tax slabs 2017-2018 - for Very Senior citizens (Above 80 years)

Income tax slab (in Rs.) Tax percentage Education Cess Surcharge
0 to 500000 Nil Nil Nil
500001 to 1000000 20%* Nil Nil
1000001 to 5000000 30%* 3% Nil
5000001 to 10000000 30%* 3% 10%
10000001 & Above 30%* 3% 15%

Surcharge: If the total income exceeds Rs 50 Lakhs but below Rs 1 crore, a surcharge of 10% will be levied. 15% surcharge on income tax if the total income is over and above Rs 1 cr

India Income tax slabs 2016-2017 for General tax payers and Women

Sr.No Income tax slab (in Rs.) Tax Percentage
1 0 to 2,50,000 No Tax
2 2,50,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%

India Income tax slabs 2016-2017 - for Senior citizens (Aged 60 years but less than 80 years)

Sr.No Income tax slab (in Rs.) Tax Percentage
1 0 to 3,00,000 No Tax
2 3,00,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%

India Income tax slabs 2016-2017 - for Very Senior citizens (Above 80 years)

Sr.No Income tax slab (in Rs.) Tax Percentage
1 0 to 5,00,000 No Tax
2 5,00,001 to 10,00,000 20%
3 Above 10,00,000 30%

India Income tax slabs 2015-2016 for General tax payers and Women

Sr.No Income tax slab (in Rs.) Tax Percentage
1 0 to 2,50,000 No Tax
2 2,50,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%

India Income tax slabs 2015-2016 - for Senior citizens (Aged 60 years but less than 80 years)

Sr.No Income tax slab (in Rs.) Tax Percentage
1 0 to 3,00,000 No Tax
2 3,00,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%

India Income tax slabs 2015-2016 - for Very Senior citizens (Above 80 years)

Sr.No Income tax slab (in Rs.) Tax Percentage
1 0 to 5,00,000 No Tax
2 5,00,001 to 10,00,000 20%
3 Above 10,00,000 30%

India Income tax slabs 2014-2015 for General tax payers and Women

Sr.No Income tax slab (in Rs.) Tax Percentage
1 0 to 2,50,000 No Tax
2 2,50,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%

India Income tax slabs 2014-2015 - for Senior citizens (Aged 60 years but less than 80 years)

Sr.No Income tax slab (in Rs.) Tax Percentage
1 0 to 3,00,000 No Tax
2 3,00,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%

India Income tax slabs 2014-2015 - for Very Senior citizens (Above 80 years)

Sr.No Income tax slab (in Rs.) Tax Percentage
1 0 to 5,00,000 No Tax
2 5,00,001 to 10,00,000 20%
3 Above 10,00,000 30%