Present Income Tax Slabs

Tax Slabs
OLD	NEW	TAX RATE
Upto Rs 1.6 lakh	Upto Rs 1.6 lakh	NIL
Rs 1.6 – 3 lakh	Rs 1.6 to 5 lakh	10%
Rs 3 – 5 lakh	Rs 5 to 8 lakh	20%
ABOVE Rs 5 lakh	ABOVE Rs 8 lakh	30%

 

• Exemption Limit for Women : 1.9 Lacs
• Exemption Limit for Senior Citizen : 2.4 Lacs