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Compute Income Tax Liability
 
Previous / Financial Year Ending - - Age

Total Income


Tax Table
Individuals or Hindu undivided family or association of persons or body of individuals [General Rate]
Income Tax Rates for the Assessment Year 2024 - 2025
i.e. Previous / Financial Year 2023 - 2024
Sr. No.Tax SlabRateTax
1.Upto Rs. 250,000NilNil
2.From Rs. 250,001 To Rs. 500,0005%5 per cent of the amount by which the total income exceeds Rs. 250,000
3.From Rs. 500,001 To Rs. 1,000,00020%Rs. 12,500 plus 20 per cent of the amount by which the total income exceeds Rs. 500,000
4.From Rs. 1,000,001 and Above30%Rs. 112,500 plus 30 per cent of the amount by which the total income exceeds Rs. 1,000,000
 Rebate - Upto Rs. 12,500 If total income is not exceeding Rs. 500,000
 Surcharge10%If total income is exceeding Rs. 5,000,000 - with marginal relief
 Surcharge15%If total income is exceeding Rs. 10,000,000 - with marginal relief
 Surcharge25%If total income is exceeding Rs. 20,000,000 - with marginal relief
 Surcharge37%If total income is exceeding Rs. 50,000,000 - with marginal relief
 Education Cess4% 

Senior Citizens (Resident in India) who is of the age of 60 years or more during the previous / financial year
Income Tax Rates for the Assessment Year 2024 - 2025
i.e. Previous / Financial Year 2023 - 2024
Sr. No.Tax SlabRateTax
1.Upto Rs. 300,000NilNil
2.From Rs. 300,001 To Rs. 500,0005%5 per cent of the amount by which the total income exceeds Rs. 300,000
3.From Rs. 500,001 To Rs. 1,000,00020%Rs. 10,000 plus 20 per cent of the amount by which the total income exceeds Rs. 500,000
4.From Rs. 1,000,001 and Above30%Rs. 110,000 plus 30 per cent of the amount by which the total income exceeds Rs. 1,000,000
 Rebate - Upto Rs. 12,500 If total income is not exceeding Rs. 500,000
 Surcharge10%If total income is exceeding Rs. 5,000,000 - with marginal relief
 Surcharge15%If total income is exceeding Rs. 10,000,000 - with marginal relief
 Surcharge25%If total income is exceeding Rs. 20,000,000 - with marginal relief
 Surcharge37%If total income is exceeding Rs. 50,000,000 - with marginal relief
 Education Cess4% 

Super Senior Citizens (Resident in India) who is of the age of 80 years or more during the previous / financial year
Income Tax Rates for the Assessment Year 2024 - 2025
i.e. Previous / Financial Year 2023 - 2024
Sr. No.Tax SlabRateTax
1.Upto Rs. 500,000NilNil
2.From Rs. 500,001 To Rs. 1,000,00020%20 per cent of the amount by which the total income exceeds Rs. 500,000
3.From Rs. 1,000,001 and Above30%Rs. 100,000 plus 30 per cent of the amount by which the total income exceeds Rs. 1,000,000
 Rebate - Upto Rs. 12,500 If total income is not exceeding Rs. 500,000
 Surcharge10%If total income is exceeding Rs. 5,000,000 - with marginal relief
 Surcharge15%If total income is exceeding Rs. 10,000,000 - with marginal relief
 Surcharge25%If total income is exceeding Rs. 20,000,000 - with marginal relief
 Surcharge37%If total income is exceeding Rs. 50,000,000 - with marginal relief
 Education Cess4% 

Special Rate of Tax u/s 115BAC
Income Tax Rates for the Assessment Year 2024 - 2025
i.e. Previous / Financial Year 2023 - 2024
Sr. No.Tax SlabRateTax
1.Upto Rs. 300,000NilNil
2.From Rs. 300,001 To Rs. 600,0005%5 per cent of the amount by which the total income exceeds Rs. 300,000
3.From Rs. 600,001 To Rs. 900,00010%Rs. 15,000 plus 10 per cent of the amount by which the total income exceeds Rs. 600,000
4.From Rs. 900,001 To Rs. 1,200,00015%Rs. 45,000 plus 15 per cent of the amount by which the total income exceeds Rs. 900,000
5.From Rs. 1,200,001 To Rs. 1,500,00020%Rs. 90,000 plus 20 per cent of the amount by which the total income exceeds Rs. 1,200,000
6.From Rs. 1,500,001 and Above30%Rs. 150,000 plus 30 per cent of the amount by which the total income exceeds Rs. 1,500,000
 Rebate - Upto Rs. 12,500 If total income is not exceeding Rs. 500,000
 Surcharge10%If total income is exceeding Rs. 5,000,000 - with marginal relief
 Surcharge15%If total income is exceeding Rs. 10,000,000 - with marginal relief
 Surcharge25%If total income is exceeding Rs. 20,000,000 - with marginal relief
 Education Cess4% 

 
 
 
 
 
 
 
 

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