Income Tax Rates - For the Assessment Year 2018-19 and Rates for deduction of tax at source from "Salaries", computation of "advance tax" and charging of income-tax in special cases during the financial year 2017-2018 - Budget 2017-18

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..... ction 2) THE FINANCE BILL, 2017 Part III of the First Schedule to the Bill specifies the rates at which income-tax is to be deducted at source from, or paid on, income under the head "Salaries" and also the rates at which "advance tax" is to be paid and income-tax is to be calculated or charged in special cases for the financial year 2017-2018. Paragraph A of this Part speci .....

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..... r:- Up to ₹ 3,00,000 Nil ₹ 3,00,001 to ₹ 5,00,000 5 per cent. ₹ 5,00,001 to ₹ 10,00,000 20 per cent. Above ₹ 10,00,000 30 per cent.; (iii) In the case of every individual, being a resident in India, who is of the age of eighty years or more at any time during the previous year:- Up to ₹ 5,00,000 Nil ₹ 5,00,001 to ₹ 10,00,000 20 per .....

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