Income tax rate for Super Senior citizens above 80 years. If income of Super Senior citizen lies between 50 Lakhs to 1 Crore than 10% surcharge to be levied.
Income tax rate for Super Senior Citizens (above 80 yrs):
|Income Tax Slab Rate AY 2018-19 (FY 2017-18)|
|Income Tax Slab||Income Tax Rate|
|Income upto Rs. 5,00,000||Nil|
|Income between Rs. 500,001 – Rs. 10,00,000||20% of Income exceeding Rs. 5,00,000|
|Income above Rs. 10,00,000||30% of Income exceeding Rs. 10,00,000|