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% |
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Income Tax Slab 2018-19
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