| S. N. |
Income Tax
slabs |
Tax rates |
| 1 |
Where the total
income does not exceed Rs. 2,50,000/- |
Nil |
| 2 |
Where
the total income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/- |
10%
of the amount by which the total income exceeds Rs. 2,50,000/- |
| 3 |
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/- |
| 4 |
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/- |
|
|
|
|
Surcharge will
be applicable @ 10% when total taxable income is over 1 crore |
|
3% Education
Cess, Secondary & Higher Education Cess will be applicable on income tax
& surcharge |
