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Thursday, February 1, 2018

Income Tax Slab 2018-19




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.

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