Tax rates (for all except senior citizens and women)
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Income levels (Rs) | Tax rates |
Up to 1.50 lakh | Nil |
1.50 lakh-3 lakh | 10% of total income exceeding Rs 1.50 lakh |
3 lakh-5 lakh | Rs 15,000 + 20% of total income exceeding Rs 3 lakh |
5 lakh and above | Rs 55,000 + 30% of total income exceeding Rs 5 lakh |
3% additional cess for all income levels. 10% additional surcharge on income above Rs 10 lakh | |
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Tax rates (for senior citizens)
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Income levels (Rs) | Tax rates |
Up to Rs 2.25 lakh | Nil |
2.25 lakh-3 lakh | 10% of total income exceeding Rs 2.25 lakh |
3 lakh-5 lakh | Rs 7,500 + 20% of total income exceeding Rs 3 lakh |
5 lakh and above | Rs 47,500 + 30% of total income exceeding Rs 5 lakh |
3% additional cess for all income levels. 10% additional surcharge on income above Rs 10 lakh | |
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Tax rates (for women)
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Income levels (Rs) | Tax rates |
Up to Rs 1.80 lakh | Nil |
1.80 lakh-3 lakh | 10% of total income exceeding Rs 1.80 lakh |
3 lakh-5 lakh | Rs 12,000 + 20% of total income exceeding Rs 3 lakh |
5 lakh and above | Rs 42,000 + 30% of total income exceeding Rs 5 lakh |
3% additional cess for all income levels. 10% additional surcharge on income above Rs 10 lakh |