Income tax slab |
Tax rate |
Upto Rs. 3,00,000 |
Nil |
Rs. 3,50,001 to Rs. 5,00,000 |
5% of (total income minus 2,50,000) |
Rs. 5,00,001 to Rs. 7,50,000 |
Rs 10,000 + 10% of (total income minus 5,00,000) |
Rs. 7,50,001 to Rs. 10,00,000 |
Rs. 35,000 + 15% of (total income minus 7,50,000) |
Rs. 10,00,001 to Rs. 12,50,000 |
Rs. 72,500 + 20% of (total income minus 10,00,000) |
Rs. 12,50,001 to Rs. 15,00,000 |
Rs. 1,22,500 + 25% of (total income minus 12,50,000) |
Above Rs. 15,00,000 |
Rs. 1,85,000 + 30% of (total income minus 15,00,000) |