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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 2017 - 2018
i.e. Previous / Financial Year 2016 - 2017
Sr. No.Tax SlabRateTax
1.Upto Rs. 250,000NilNil
2.From Rs. 250,001 To Rs. 500,00010%10 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. 25,000 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. 125,000 plus 30 per cent of the amount by which the total income exceeds Rs. 1,000,000
 Rebate - Upto Rs. 5,000U/s 87A - Any individual who is resident in India is eligible for this rebate. This rebate is not allowed to HUF, AOP or BOI. If total income is not exceeding Rs. 500,000
 Surcharge15%If total income is exceeding Rs. 10,000,000 - with marginal relief
 Education Cess3% 

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 2017 - 2018
i.e. Previous / Financial Year 2016 - 2017
Sr. No.Tax SlabRateTax
1.Upto Rs. 300,000NilNil
2.From Rs. 300,001 To Rs. 500,00010%10 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. 20,000 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. 120,000 plus 30 per cent of the amount by which the total income exceeds Rs. 1,000,000
 Rebate - Upto Rs. 5,000U/s 87A - Any individual who is resident in India is eligible for this rebate. This rebate is not allowed to HUF, AOP or BOI. If total income is not exceeding Rs. 500,000
 Surcharge15%If total income is exceeding Rs. 10,000,000 - with marginal relief
 Education Cess3% 

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 2017 - 2018
i.e. Previous / Financial Year 2016 - 2017
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. 5,000U/s 87A - Any individual who is resident in India is eligible for this rebate. This rebate is not allowed to HUF, AOP or BOI. If total income is not exceeding Rs. 500,000
 Surcharge15%If total income is exceeding Rs. 10,000,000 - with marginal relief
 Education Cess3% 

 
 
 
 
 
 
 
 
 


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