INCOME TAX SLABS FOR AY 17-18 IN INDIA
Income tax slab for 16-17 is same as previous year 15-17
Income tax slab for 16-17 is same as previous year 15-17
Income tax slab rate is different for a different class of taxpayers.
- Individual/HUF
- Senior Citizen
- Super Senior citizen
- Cooperative society
- Firm
- Local Authority
- Domestic Company
- Other Than Domestic Company
the most common income tax slabs for the past few years is as same as the current year 2016-17
Income Tax Slab for 2016 – 17
| Tax Rate | ||
| Taxable income is less than Rs. 2,50,000 | |||
| Taxable income is more than Rs. 2,50,000 but less than Rs. 5,00,000 | 10% of the amount above and over 2,50,000. | ||
| Taxable income is more than Rs. 5,00,000 but less than Rs. 10,00,000 | Rs. 25,000 + 20% of the amount by which the taxable income exceeds Rs. 5,00,000 | ||
| Taxable income is more than Rs. 10,00,000 | Rs. 1,25,000 + 30% of the amount by which the taxable income exceeds Rs. 10,00,000 | ||