Income Tax Slab Rates for the F.Y. 2017-18

Income Tax Slab for Individual Tax Payers & HUF

(Less Than 60 Years Old) (Both Men & Women)

Income Slab Tax Rate
Income up to Rs 2,50,000 No tax (Nil)
Income from Rs 2,50,000 – Rs 5,00,000 5%
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%

Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh up to Rs.1 crore.

Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.

Cess: 3% on total of income tax + surcharge.

 

Income Tax Slab for Senior Citizens

(60 Years Old Or More but Less than 80 Years Old)(Both Men & Women)

Income Slab Tax Rate
Income up to Rs 3,00,000 No tax (Nil)
Income from Rs 3,00,000 – Rs 5,00,000 5%
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%

Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh upto Rs.1 crore.
Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.
Cess: 3% on total of income tax + surcharge.

 

Income Tax Slab for Senior Citizens

(80 Years Old Or More) (Both Men & Women)

Income Slab Tax Rate
Income up to Rs 2,50,000* No tax (Nil)
Income up to Rs 5,00,000* No tax (Nil)
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%

Surcharge: 15% of income tax, where total income exceeds Rs.1 crore.
Cess: 3% on total of income tax + surcharge.

 

 

 


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