INCOME TAX RATES FOR MEN BELOW 65 YEARS
Upto 1,60,000 - Nil
1,60,000 to 5,00,000 - 10% of the amount exceeding 1,60,000
5,00,000 to 8,00,000 - Rs.34,000 + 20% of the amount exceeding 5,00,000
8,00,000 & above - Rs.94,000 + 30% of the amount exceeding 8,00,000
INCOME TAX RATES FOR RESIDENT WOMEN BELOW 65 YEARS
Upto 1,90,000 - Nil
1,90,000 to 5,00,000 - 10% of the amount exceeding 1,90,000
5,00,000 to 8,00,000 - Rs.31,000 + 20% of the amount exceeding 5,00,000
8,00,000 & above - Rs.91,000 + 30% of the amount exceeding 8,00,000
INCOME TAX RATES FOR INDIVIDUAL RESIDENTS AGED 65 YRS AND ABOVE
Upto 2,40,000 - Nil
2,40,000 to 5,00,000 - 10% of the amount exceeding 2,40,000
5,00,000 to 8,00,000 - Rs.26,000 + 20% of the amount exceeding 5,00,000
8,00,000 & above - Rs.86,000 + 30% of the amount exceeding 8,00,000
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Today, everyone is worried about taxes. Everyone wants to save taxes which is possible by investing in various investment plans such as Public Provident Fund, Life Insurance etc. With Income Tax Slab, a person can calculate how much income is taxable and how much tax he/she have to pay for that income....