Income Tax Information

Income Tax Rate for 2017-2018

Income Tax Slab for Individual Tax Payers & HUF (Less Than 60 Years Old) (Men & Women)

Income up to Rs 2,50,000	no income tax
Income : Rs 2,50,000 – Rs 5,00,000	5 %
Income : Rs 5,00,000 – 10,00,000	20 %
Income : above Rs 10,00,000	30 %

Income Tax Slab for Senior Citizens (60 Years Old Or More but Less than 80 Years Old)(Men & Women)

Income up to Rs 3,00,000	no income tax
Income : Rs 3,00,000 – Rs 5,00,000	5 %
Income : Rs 5,00,000 – 10,00,000	20 %
Income : above Rs 10,00,000	30 %

Income Tax Slab for Senior Citizens(80 Years Old Or More) (Men & Women)

Income up to Rs 2,50,000	no income tax
Income up to Rs 5,00,000	no income tax
Income : Rs 5,00,000 – 10,00,000	20 %
Income : above Rs 10,00,000	30 %

Income Tax Rate for 2016-2017

Income Tax Slab for Individual Tax Payers & HUF (Less than 60 Years Old) (Men & Women)

Income up to Rs 2,50,000	no income tax
Income : Rs 2,50,000 – Rs 5,00,000	10 %
Income : Rs 5,00,000 – 10,00,000	20 %
Income : above Rs 10,00,000	30 %

TaxInfo (Applicable from Apr,10 to March,2011)

Click here to download Tax Calculator 2011

Income Tax Slabs 2010/2011 for Men

Income: upto 1.6 lacs	no income tax
Income : 1.6 lacs to 5 lacs	10 %
Income : 5 lacs to 8 lacs	20 %
Income : above 8 lacs	30 %

Income Tax Rates 2010/2011 or Women

Income : upto 1.9 lacs	NO TAX
Income : 1.9 lacs to 5 lacs	10 %
Income : 5 lacs to 8 lacs	20 %
Income : above 8 lacs	30 %

Income Tax rates 2010/2011 for Senior Citizen

Income : upto 2.4 lacs	NO TAX
Income : 2.4 lacs to 5 lacs	10 %
Income : 5 lacs to 8 lacs	20 %
Income : above 8 lacs	30 %

For the amount	Tax Rate Including Surcharge& Education cess
Upto 1,60,000 rupees (For women this free limit is upto 1,90,000) (For senior citizens(>=65 Yrs age) this free limit is upto 2,40,000)	No Tax
1,60,001 to 5,00,000 (For women this limit is from 1,90,001 to 5Lakhs) (For senior citizens(>=65 Yrs age) this limit is from 2,40,001 to 5Lakhs)	10.30%
5,00,001 to 8,00,000	20.60%
8,00,001 and Above	30.90%

Tax slabs applicable from Apr,2009 to Mar,2010

For the amount	Tax Rate Including Surcharge& Education cess
Upto 1,60,000 rupees(For women this free limit is upto 1,90,000) (For senior citizens(>=65 Yrs age) this free limit is upto 2,40,000)	No Tax
1,60,001 to 3,00,000 (For women this limit is from 1,90,001 to 3Lakhs) (For senior citizens(>=65 Yrs age) this limit is from 2,40,001 to 3Lakhs)	10.30%
3,00,001 to 5,00,000	20.60%
5,00,001 and Above	30.90%

Tax slabs applicable from Apr,2008 to Mar,2009

For the amount	Tax Rate
Upto 1,50,000 rupees(For women this free limit upto 1,80,000 and For senior citizens(>=65 Yrs age) this limit is from 2,25,000)	No Tax
1,50,001 to 3,00,000 (for women its from 1,80,001 to 3,00,000 and For senior citizens(>=65 Yrs age) this limit is from 2,25,001 to 3Lakhs)	10%
3,00,001 to 5,00,000	20%
5 Lakhs to 10 Lakhs	30%
10 Lakhs and Above	33%

Tax slabs applicable from Apr,2007 to Mar,2008

For the amount	Tax Rate
Upto 1,10,000 rupees(For women this free limit upto 1,45,000)	No Tax
1,10,001 to 1,50,000 (for ladies its from 1,45,001 to 1,50,000)	10%
1,50,001 to 2,50,000	20%
2,50,001 and Above	30%

Difference Between Assessment Year (AY) and Financial Year (FY)

Most of the people confuse between the Financial Year (AY) and Assessment Year (AY).

Previous Years' Income Tax Slabs

You can find Previous Years' Income Tax Slabs in India.

Universal Account Number (UAN)

What is Universal Account Number (UAN) and all related details will be provided

What is HRA

What is HRA in India and all related details will be provided.

Income Tax Information

An income tax is a tax imposed by government on income earned by you. Income tax is a key source of funds that the government uses to fund its activities and serve the public.