Taxable Income Slab - Tax Slab

Upto Rs. 1,50,000 - Nill
Up to Rs. 1,80,000 (for women) - Nill
Up to Rs. 2,25,000 (for residents, 65 years or above) - Nil

Rs. 1,50,000 to Rs. 3,00,000 - 10%
Rs. 3,00,001 to Rs. 5,00,000 - 20%
Rs. 5,00,001 to Rs. 10,00,000 - 30%

Above Rs. 10,00,000 - 30% + 10% surcharge on tax

Note : -

* Education cess is applicable @ 3 per cent on income tax, inclusive of surcharge if there is any.
* A marginal relief may be provided to ensure that the additional IT payable, including surcharge, on excess of income over Rs 1,000,000 is limited to an amount by which the income is more than this mentioned amount.
* Agricultural income is exempt from income-tax.