Income Tax Slab Rates 2017-18
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Income Tax Slab Rates 2017-18(AY 2018-19)
Income Tax Slab Rates 2017-18 Pdf, Income Tax Slab Rates 2017- Income Tax Slab Rates Charts & Tables for FY 2017-18 (AY 2018-19)
Income Tax Department official website: www.incometaxindia.gov.in
http://www.incometaxindia.gov.in/Pages/charts-and-tables.aspx
Income Tax Slab Rates 2017-18 Pdf
- In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person
Assessment Year 2017-18
Taxable income | Tax Rate |
Up to Rs. 2,50,000 | Nil |
Rs. 2,50,000 to Rs. 5,00,000 | 5% |
Rs. 5,00,000 to Rs. 10,00,000 | 20% |
Above Rs. 10,00,000 | 30% |
- In case of a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year)
Assessment Year 2017-18
Taxable income | Tax Rate |
Up to Rs. 3,00,000 | Nil |
Rs. 3,00,000 - Rs. 5,00,000 | 5% |
Rs. 5,00,000 - Rs. 10,00,000 | 20% |
Above Rs. 10,00,000 | 30% |
- In case of a resident super senior citizen (who is 80 years or more at any time during the previous year)
Assessment Year 2017-18
Taxable income | Tax Rate |
Up to Rs. 5,00,000 | Nil |
Rs. 5,00,000 - Rs. 10,00,000 | 20% |
Above Rs. 10,00,000 | 30% |
Income Tax Slab Rates 2017-18 Pdf Download
- a) Surcharge:The amount of income-tax shall be increased by a surcharge at the rate of 10% of such tax, where total income between 50 Lakhs and one crore rupees (above 1 crore - 15% surcharge). However, the surcharge shall be subject to marginal relief (where income between 50 Lakhs and one crore rupees, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of one crore rupees by more than the amount of income that exceeds one crore rupees).
- b) Education Cess:The amount of income-tax and the applicable surcharge, shall be further increased by education cess calculated at the rate of two per cent of such income-tax and surcharge.
- c) Secondary and Higher Education Cess:The amount of income-tax and the applicable surcharge, shall be further increased by secondary and higher education cess calculated at the rate of one per cent of such income-tax and surcharge.
- d) Rebate under Section 87A:The rebate is available to a resident individual if his total income does not exceed Rs. 3,50,000. The amount of rebate shall be 100% of income-tax or Rs. 2,500, whichever is less.
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Income Tax Slab Rates 2017-18
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