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Income Tax Slab for F Y 2017-18
For Individuals/HUF less than 60 years of Age (For Male and Female Both)
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Taxable Income Rate of Tax
Income Up to 2.50 Lakh Nil
Income form 2.50 Lakh to 5.00 Lakh 5% *
Income from 5.00 Lakh to 10.00 Lakh 20%
Income above 10.00 Lakh 30%
Surcharge:
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10 % of income tax where total taxable income exceeds from 50 lakh and up to 1.00 crore
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15% where total income exceeds from 1.00 crore.
Cess:
Cess is applicable in all cases @3% (3% of Income tax + Surcharge)
*For earlier year i.e 2016-17 tax rate for this slab was 10%
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