Taxable income slabs* | Income tax rates |
---|---|
Up to ₹ 2.5 lakh | Nill |
₹ 2,50,001 to ₹ 5,00,000 | 5% of (Total income minus ₹ 2,50,000) |
₹ 5,00,001 to ₹ 10,00,000 | ₹ 12,500 + 20% of (Total income minus ₹ 5,00,000) |
₹ 10,00,001 and above | ₹ 1,12,500 + 30% of (Total income minus ₹ 10,00,000) |
As per income tax slabs defined by GoI. Refer Click here |