Slabs

Tax Slab & Rate:

A. Rates of tax for a man, resident in India and below sixty years of age at any time during

the financial year:

1. Where the total income does not

exceed Rs. 2,00,000/-.

Nil

2. Where the total income exceeds Rs.

2,00,000 but does not exceed Rs.

5,00,000/-

10 per cent of the amount by which the

total income exceeds Rs.2,00,000/-

3. Where the total income exceeds Rs.

5,00,000/- but does not exceed Rs.

10,00,000/-.

Rs. 30,000/- plus 20 per cent of the amount

by which the total income exceeds Rs.

5,00,000/-.

4. Where the total income exceeds Rs.

10,00,000/-.

Rs. 130,000/- plus 30 per cent of the

amount by which the total income

exceeds Rs. 10,00,000/-.

B. Rates of tax for a woman, resident in India and below sixty years of age at any time

during the financial year:

1. Where the total income does not

exceed Rs.2,00,000/-.

Nil

2. Where the total income exceeds Rs.

2,00,000 but does not exceed Rs.

5,00,000/-.

10 per cent, of the amount by which the

total income exceeds Rs. 2,00,000/-

3. Where the total income exceeds Rs.

5,00,000/- but does not exceed Rs.

10,00,000/-.

Rs. 30,000/- plus 20 per cent of the amount

by which the total income exceeds Rs.

5,00,000/-.

4. Where the total income exceeds Rs.

10,00,000/-.

Rs. 130,000/- plus 30 per cent of the

amount by which the total income

exceeds Rs. 10,00,000/-.

C. Rates of tax for an individual, resident in India and of the age of sixty years or more but

less than eighty years at any time during the financial year:

1. Where the total income does not

exceed Rs. 2,50,000/-.

Nil

2. Where the total income exceeds Rs.

2,50,000 but does not exceed Rs.

5,00,000/-.

10 per cent, of the amount by which the

total income exceeds Rs. 2,50,000/-

3. Where the total income exceeds Rs.

5,00,000/- but does not exceed Rs.

10,00,000/-.

Rs. 25,000/- plus 20 per cent of the amount

by which the total income exceeds Rs.

5,00,000/-.

4. Where the total income exceeds Rs.

10,00,000/-.

Rs. 125,000/- plus 30 per cent of the

amount by which the total income

exceeds Rs. 10,00,000/-.

D. In case of every individual being a resident in India, who is of the age of eighty years or

more at any time during the financial year:

1. Where the total income does not

exceed Rs. 5,00,000/-

Nil

2. Where the total income exceeds Rs.

5,00,000/- but does not exceed Rs.

10,00,000/-

20 per cent of the amount by which the

total income exceeds Rs. 5,00,000/-

3. Where the total income exceeds

Rs.10,00,000/-

Rs. 1,00,000/- plus 30 per cent of the

amount by which the total income

exceeds Rs.10,00,000/-