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 2017-18 for Resident Individual tax payers 
 (Both Men and Women having age more than 60 years but less than 80 years) 

Income	Income Tax Rates	Cess	Surcharge rates
0 - 3 Lakh	Nil	Nil	NA
3 - 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

3.    Income tax slabs in FY 2017-18 for Resident Individual tax payers 
       (Both Men and Women having age more than 80 years)

Income	Income Tax Rates	Cess	Surcharge rates
0 - 5 Lakh	Nil	Nil	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

Note: Tax saving under section 80C remains at 1.5 lakhs.  

For filling income tax return kindly visit: https://incometaxindiaefiling.gov.in/