SEO Sai Gr. Hosp.
197969 Points
Joined July 2016
Income tax slabs under the new tax regime
Income tax slabs |
Income tax rate |
Rs 0 to Rs 3,00,000 |
0 |
Rs 3,00,001 to Rs 6,00,000 |
5% |
Rs 6,00,001 to Rs 9,00,000 |
10% |
Rs 9,00,001 to Rs 12,00,000 |
15% |
Rs 12,00,001 to Rs 15,00,000 |
20% |
Rs 15,00,001 and above |
30% |
Cess at 4% will be levied on the amount of income tax payable. Surcharge will be applicable on incomes above Rs 50 lakh.
Income tax slabs under the old tax regime
Income tax slabs |
Income tax rate |
Rs 0 to Rs 2,50,000 |
0 |
Rs 2,50,001 to Rs 5,00,000 |
5% |
Rs 5,00,001 to Rs 10,00,000 |
20% |
Rs 10,00,001 and above |
30% |
The above income tax slabs table is applicable for individuals below 60 years of age. Cess at 4% will be levied on the income tax amount payable.