Income Tax Slabs for 2017-18, India

Income Tax Slabs for 2017-18

Indian union budget for the financial year 2017-18 has been presented on 01 February 2017.

The latest Income tax slabs for financial year 2017-2018 for general, women& senior citizens are provided below:

Income tax slabs 2017-2018 for General and Women tax payers

Income tax slab (in Rs.) Tax
0 to 2,50,000 No tax
2,50,001 to 5,00,000 5%
5,00,001 to 10,00,000 20%
Above 10,00,000 30%

Income tax slabs 2017-2018 for Senior citizens (more than 60 years but less than 80 years)

Income tax slab (in Rs.) Tax
0 to 3,00,000 No tax
3,00,001 to 5,00,000 5%
5,00,001 to 10,00,000 20%
Above 10,00,000 30%

Income tax slabs 2017-2018 for very senior citizens (80 years and above)

Income tax slab (in Rs.) Tax
0 to 5,00,000 No tax
5,00,001 to 10,00,000 20%
Above 10,00,000 30%

 

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