R
Rohit Kumar
9 Dec 2016
I want to know the current Income tax slab rates for this year, Please help.
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CA Rahul Khatuwala
9 Dec 2016
Tax rates depends upon your legal identity, However Assuming you are an Individual resident below the age of 60 years:
Upto Rs 250000 - Nil
2.5 lakhs to 5 Lakhs - 10 % of 2.5 lakhs
5 Lakhs to 10 Lakhs - 20% of 5 Lakhs + Rs 25000
10 Lakhs & above - 30% of Income above 10 Lakhs + Rs 125000
3% cess on total tax
15% surcharge if Income above 1 crore
Thank you for the reply
T&C apply
