Income Tax Rate : Tax Exemption
Income tax rate for male.| Income Tax Slab (in Rs.) | Income Tax Rate | |
| 1 | Where the total income does not exceed Rs. 1,80,000/-. | NIL |
| 2 | Where the total income exceeds Rs. 1,80,000/- but does not exceed Rs. 5,00,000/-. |
10% of amount by which the total income exceeds Rs. 1,80,000/- |
| 3 | Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 8,00,000/-. |
Rs. 32,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-. |
| 4 | Where the total income exceeds Rs. 8,00,000/-. | Rs. 92,000/- + 30% of the amount by which the total income exceeds Rs. 8,00,000/-. |
Income tax rate for Female.
| Income Tax Slab (in Rs.) | Income Tax Rate | |
| 1 | Where the total income does not exceed Rs. 1,90,000/-. | NIL |
| 2 | Where total income exceeds Rs. 1,90,000/- but does not exceed Rs. 5,00,000/-. |
10% of the amount by which the total income exceeds Rs. 1,90,000/-. |
| 3 | Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 8,00,000/-. |
Rs. 31,000- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-. |
| 4 | Where the total income exceeds Rs. 8,00,000/-. | Rs. 91,000/- + 30% of the amount by which the total income exceeds Rs. 8,00,000/-. |
Income tax rate for individual resident who is of the age of 60 years or more but below the age of 80 years.
| Income Tax Slab (in Rs.) | Income Tax Rate | |
| 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% 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. 8,00,000/- |
Rs. 25,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-. |
| 4 | Where the total income exceeds Rs. 8,00,000/- | Rs. 85,000/- + 30% of the amount by which the total income exceeds Rs. 8,00,000/-. |
Income tax rate for individual resident who is of the age of 80 years or more at any time during the previous year.
| Income Tax Slab (in Rs.) | Income Tax Rate | |
| 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. 8,00,000/- |
20% of the amount by which the total income exceeds Rs. 5,00,000/-. |
| 3 | Where the total income exceeds Rs. 8,00,000/- | Rs. 60,000/- + 30% of the amount by which the total income exceeds Rs. 8,00,000/-. |
Association of Persons (AOP) and Body of Individuals (BOI).
| Income Tax Slab (in Rs.) | Income Tax Rate | |
| 1 | Where the total income does not exceed Rs. 1,80,000/-. | NIL |
| 2 | Where the total income exceeds Rs. 1,80,000/- but does not exceed Rs. 5,00,000/-. |
10% of amount by which the total income exceeds Rs. 1,80,000/- |
| 3 | Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 8,00,000/-. |
Rs. 32,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-. |
| 4 | Where the total income exceeds Rs. 8,00,000/-. | Rs. 92,000/- + 30% of the amount by which the total income exceeds Rs. 8,00,000/-. |
Co-operative Society.
| Income Tax Slab (in Rs.) | Income Tax Rate | |
| 1 | Where the total income does not exceed Rs. 10,000/-. |
10% of the income. |
| 2 | Where the total income exceeds Rs. 10,000/- but does not exceed Rs. 20,000/-. |
Rs. 1,000/- + 20% of income in excess of Rs. 10,000/-. |
| 3 | Where the total income exceeds Rs. 20,000/- | Rs. 3.000/- + 30% of the amount by which the total income exceeds Rs. 20,000/-. |
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