Income
|
Income Tax rate for
2017-18
|
Income Tax rate for
2018-19
|
Individual tax payers
|
||
Up to Rs 2,50,000
|
No tax
|
No tax
|
Rs 2,50,001 to Rs
5,00,000
|
5%
|
5%
|
Rs 5,00,001 –
10,00,000
|
20%
|
20%
|
More than Rs 10,00,000
|
30%
|
30%
|
Senior citizens who
are 60 years old and above but less than 80 years
|
||
Up to Rs 3,00,000
|
No tax
|
No tax
|
Rs 3,00,001 to Rs
5,00,000
|
10%
|
10%
|
Rs 5,00,001 to Rs
10,00,000
|
20%
|
20%
|
More than Rs 10,00,000
|
30%
|
30%
|
Senior Citizens who
are 80 years old and above
|
||
Up to Rs 5,00,000
|
No tax
|
No tax
|
Rs 5,00,001 to Rs
10,00,000
|
20%
|
20%
|
More than Rs 10,00,000
|
30%
|
30%
|
Standard deduction of Rs 40,000 for salaried taxpayers.
No comments:
Post a Comment