Income tax slab for the ay 2018-19
This query is : Resolved
29 November 2017
Can anyone let me know the latest slab for the Ay 2018-19 please ?
29 November 2017
Income Tax Slab for Individual Tax Payers & HUF (Less Than 60 Years Old) (Both Men & Women)
Income Slab
Income up to Rs 2,50,000- No tax
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
Income up to Rs 3,00,000 -No tax
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
Income up to Rs 2,50,000- No tax
Income up to Rs 5,00,000-No tax
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.
Income Slab
Income up to Rs 2,50,000- No tax
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
Income up to Rs 3,00,000 -No tax
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
Income up to Rs 2,50,000- No tax
Income up to Rs 5,00,000-No tax
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.
Message likes :
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29 November 2017
Agree with Ramesh Sir
Deduction u/s 87 A is upto Rs.2500 if GTI doesn't exceeds Rs.3,50,000
Message likes :
2 times
30 November 2017
Yes...
I fully agreed to Mr CMA RAMESH KRISHNAN Sir...
Thank you for the exact reply Sir...
30 November 2017
Lot of thanks for the best guidelines. I have taken down the slab for reference any time in future.
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