Income Tax Slabs for filing tax return for Individuals and HUF’s. These rates are applicable for filing tax return for all Individuals i.e.- salaried, Business and Professionals. Below are Income tax rates for last 6 years.
Income Tax Rates for Assessment year 2017-2018 (Previous year 2016-17)
Income Tax Rates for Assessment year 2016-2017 (Previous year 2015-16)
Income Tax Rates for Assessment year 2015-2016 (Previous year 2014-15)
Income Tax Rates for Assessment year 2014-2015 (Previous year 2013-14)
Income Tax Rates for Assessment year 2013-2014 (Previous year 2012-13)
Income Tax Rates for Assessment year 2012-2013 (Previous year 2011-12)
| Income Tax Rates/Slab for Assessment Year 2017-18 (Previous Year 2016-17) (Income tax rates for financial year 2014-15 and 2015-2016 are same, there is no change in tax rates) |
Rates/ %age |
| Up to 2,50,000 Up to 2,50,000 (for women) Up to 3,00,000 (for resident individual of 60 years till 80 years) |
Nil |
| 250,001 – 5,00,000
Up to 500,000 (for resident individual of 80 years and above, Tax is nil) |
10%
Nil |
| 5,00,001 – 10,00,000 | 20% |
| 10,00,001 upwards | 30% |
| Tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/-Surcharge: is 15% is Income tax payable on Individuals whose taxable income is above Rs 1 crore | |
| Education Cess: 3% of the total of Income-tax and Surcharge. |
| Income Tax Rates/Slab for Assessment Year 2016-17 (Previous Year 2015-16) (Income tax rates for financial year 2014-15 and 2015-2016 are same, there is no change in tax rates) |
Rates/ %age |
| Up to 2,50,000 Up to 2,50,000 (for women) Up to 3,00,000 (for resident individual of 60 years till 80 years) |
Nil |
| 250,001 – 5,00,000
Up to 500,000 (for resident individual of 80 years and above, Tax is nil) |
10%
Nil |
| 5,00,001 – 10,00,000 | 20% |
| 10,00,001 upwards | 30% |
| Tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/-Surcharge: is 10% is Income tax payable on Individuals whose taxable income is above Rs 1 crore | |
| Education Cess: 3% of the total of Income-tax and Surcharge. |
| Income Tax Rates/Slab for Assessment Year 2015-16 (Previous Year 2014-15) | Rates/ %age |
| Up to 2,50,000 Up to 2,50,000 (for women) Up to 3,00,000 (for resident individual of 60 years till 80 years) |
Nil |
| 250,001 – 5,00,000
Up to 500,000 (for resident individual of 80 years and above, Tax is nil) |
10%
Nil |
| 5,00,001 – 10,00,000 | 20% |
| 10,00,001 upwards | 30% |
| Tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/-Surcharge: is 12% is Income tax payable on Individuals whose taxable income is above Rs 1 crore | |
| Education Cess: 3% of the total of Income-tax and Surcharge. |
| Income Tax Rates/Slab for Assessment Year 2014-15 (Previous Year 2013-14) (Income tax rates for year 2013-14 and 2012-2013 are same, there is no change in tax slab) | Rates/ %age |
| Up to 2,00,000 Up to 2,00,000 (for women) Up to 2,50,000 (for resident individual of 60 years till 80 years) |
Nil |
| 200,001 – 5,00,000Up to 500,000 (for resident individual of 80 years and above, Tax is nil) | 10%Nil |
| 5,00,001 – 10,00,000 | 20% |
| 10,00,001 upwards | 30% |
| Tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/-Surcharge: is 10% is Income tax payable on Individuals whose taxable income is above Rs 1 crore | |
| Education Cess: 3% of the total of Income-tax and Surcharge. |
Leave a Reply