Slab of Income Tax

Income Tax Slab

Income Tax Rate

Education Cess

Secondary and Higher Education Cess

Income upto Rs. 2,50,000

Nil

Nil

Nil

Income between Rs. 2,50,001 - Rs. 500,000

5% of Income exceeding Rs. 2,50,000

2% of income tax

1% of income tax

Income between Rs. 500,001 - Rs. 10,00,000

20% of Income exceeding Rs. 5,00,000

2% of income tax

1% of income tax

Income above Rs. 10,00,000

30% of Income exceeding Rs. 10,00,000

2% of income tax

1% of income tax