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/-
