Income Tax slab for FY 2017-18 for the resident Individual
INCOME TAX Slab Rates For the FY 2017-18(AY 2018-19) For the financial Year 2017-18 there are following Tax Slabs and Income Tax rates for resident individual. 1. Income tax slabs in FY 2017-18 for Resident Individual tax payers (Both Men and Women having age less than 60 years) Income Income Tax Rates Cess Surcharge rates 0 - 2.5 Lakh Nil Nil NA 2.5 - 5 Lakh 5% 3% of Income Tax NA 5 - 10 Lakh 20% 3% of Income Tax NA 10 – 50 Lakh 30% 3% of Income Tax NA 50 Lakh – 1 Crore 30% 3% of (Income Tax+ Surcharge) 10% on total Income tax More than 1 Crore 30% 3% of (Income Tax+Surharge) 15% on total Income tax Further, Rebate of Rs. 2500 on income from 2.5 Lakh to 3 Lakh, if total taxable income is less than 5 Lakh. 2. Income tax slabs in FY ...
