Income Tax Rates for Body of Individuals Financial Year 2017-18 (Assessment Year 2018-19)

Income Tax Rates for Body of Individuals: Income Tax Slab Rate AY 2018-19 (FY 2017-18) Income Tax Slab Income Tax Rate Income upto Rs. 2,50,000 Nil Income between Rs. 2,50,001 – Rs. 500,000 5% of Income exceeding Rs. 2,50,000 Income between Rs. 500,001 – Rs. 10,00,000 20% of Income exceeding Rs. 5,00,000 Income above Rs. … Read more

Income Tax Rates for Association of Persons Financial Year 2017-18 (Assessment Year 2018-19)

Income tax rate for Association of Persons: Income Tax Slab Rate AY 2018-19 (FY 2017-18) Income Tax Slab Income Tax Rate Income upto Rs. 2,50,000 Nil Income between Rs. 2,50,001 – Rs. 500,000 5% of Income exceeding Rs. 2,50,000 Income between Rs. 500,001 – Rs. 10,00,000 20% of Income exceeding Rs. 5,00,000 Income above Rs. 10,00,000 … Read more

Income Tax Rates for Senior Citizens Financial Year 2017-18 (Assessment Year 2018-19)

Income tax rate for Senior citizens between 60 to 80 years. If income of Senior citizen lies between 50 Lakhs to 1 Crore than 10% surcharge to be levied. Income Tax rate for Senior citizen between 60-80 years: Income Tax Slab Rate AY 2018-19 (FY 2017-18) Income Tax Slab Income Tax Rate Income upto Rs. … Read more

Income Tax Rates for Individuals Financial Year 2017-18 (Assessment Year 2018-19)

As per new budget announced by Governemnt of India for Financial year 2017-18 (assessment year 2018-19), whose income falls between 50 Lakhs to 1 Crore will be levied a surcharge of 10%. Below table gives the tax slabs for individuals below 60 years. Tax slab for Individuals below 60 years: Income Tax Slab Rate AY … Read more