Income Slabs
|
Tax Rates
|
|
i.
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Where the
taxable income does not exceed ₹ 3,00,000/-
|
NIL
|
ii.
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Where the
taxable income exceeds ₹ 3,00,000/- but does not exceed ₹ 5,00,000/-
|
5% of the
amount by which the taxable income exceeds ₹ 3,00,000/-.
Tax Relief u/s 87A - In case of tax payers, having total income not increasing ₹ 3,50,000/-, income tax chargeable on the income or ₹ 2,500/-, whichever is less. |
iii.
|
Where the
taxable income exceeds ₹ 5,00,000/- but does not exceed ₹ 10,00,000/-
|
₹ 10,000/- +
20% of the amount by which the taxable income exceeds ₹ 5,00,000/-.
|
iv.
|
Where the
taxable income exceeds ₹ 10,00,000/-
|
₹ 110,000/- +
30% of the amount by which the taxable income exceeds ₹ 10,00,000/-.
|
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