New income tax slabs

February 01, 2017 05:00 pm | Updated February 02, 2017 11:51 am IST

IncomeTax rate
Individual tax payers
Up to Rs 2,50,000No tax
Rs 2,50,001 to Rs 5,00,0005%
Rs 5,00,001 – 10,00,00020%
More than Rs 10,00,00030%
Senior citizens who are 60 years old and above but less than 80 years
Up to Rs 3,00,000No tax
Rs 3,00,001 to Rs 5,00,0005%
Rs 5,00,001 to Rs 10,00,00020%
More than Rs 10,00,00030%
Senior Citizens who are 80 years old and above
Up to Rs 5,00,000No tax
Rs 5,00,001 to Rs 10,00,00020%
More than Rs 10,00,00030%
(Surcharge of 10 per cent on income of all individuals above Rs 50 lakh and less than Rs 1 crore and surcharge of 15 per cent on income above Rs 1 crore).
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