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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

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 - Dated:- 2-2-2017 - SCHEDULE 01 - THE FIRST SCHEDULE (See section 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 ra .....

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e (31) of section 2 of the Income-tax Act, not being a case to which any other Paragraph of this Part applies:- Up to ₹ 2,50,000 Nil ₹ 2,50,001 to ₹ 5,00,000 5 per cent. ₹ 5,00,001 to ₹ 10,00,000 20 per cent. Above ₹ 10,00,000 30 per cent.; (ii) In the case of every individual, being a resident in India, who is of the age of sixty years or more but less than the age of eighty years at any time during the previous year:- Up to ₹ 3,00,000 Nil ₹ 3,00, .....

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