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
<!--[if !supportLists]-->1.
<!--[endif]-->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%
|
Less: Rebate under section 87A [see Note]
Add: Surcharge and Education Cess [see Note]
<!--[if !supportLists]-->2.
<!--[endif]-->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%
|
Less: Rebate under Section 87A [see Note]
Add: Surcharge and Education Cess [see Note]
<!--[if !supportLists]-->3.
<!--[endif]-->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%
|
Add: Surcharge and Education Cess [see Note]
Note:
Assessment Year 2017-18
<!--[if !supportLists]-->1.
<!--[endif]-->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. 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).
<!--[if !supportLists]-->2.
<!--[endif]-->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.
<!--[if !supportLists]-->3.
<!--[endif]-->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.
<!--[if !supportLists]-->4.
<!--[endif]-->d) Rebate under section 87A: The rebate is
available to a resident individual if his total income does not exceed Rs.
5,00,000. The amount of rebate shall be 100% of income-tax or Rs. 5,000,
whichever is less.
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