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Income tax Slabs for A.Y. 2017-18, F.Y. 2016-17


Income Tax Slabs for Individual below the age of 60 years, HUF, AOP, BOI , artificial juridical person

Income SlabsTax Rates
i.Where the total income does not exceed Rs. 2,50,000/-.NIL
ii.Where the total income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-.10% of amount by which the total income exceeds Rs. 2,50,000/-
iii.Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.Rs. 25,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-.
iv.Where the total income exceeds Rs. 10,00,000/-.Rs. 1,25,000/- + 30% of the amount by which the total income exceeds Rs. 10,00,000/-.

Income Tax Slabs for Senior Citizens (60 years or more but less than 80 years)

Income SlabsTax Rates
i.Where the total income does not exceed Rs. 3,00,000/-.NIL
ii.Where the total income exceeds Rs. 3,00,000/- but does not exceed Rs. 5,00,000/-10% of the amount by which the total income exceeds Rs. 3,00,000/
iii.Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-Rs. 20,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-.
iv.Where the total income exceeds Rs. 10,00,000/-Rs. 120,000/- + 30% of the amount by which the total income exceeds Rs. 10,00,000/-.

Income Tax Slabs for Super Senior Citizens (age eighty years or more)

Income SlabsTax Rates
i.Where the total income does not exceed Rs. 5,00,000/-.NIL
ii.Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-20% of the amount by which the total income exceeds Rs. 5,00,000/-.
iii.Where the total income exceeds Rs. 10,00,000/-Rs. 100,000/- + 30% of the amount by which the total income exceeds Rs. 10,00,000/-.

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