How Much Tax you need to Pay?

Income Tax Slabs for FY 2016–17 (AY 2017-18)

General Public (Below 60 Years of Age)
Income Tax Slab Tax
Up to Rs. 2.5 Lakhs Nil
Rs. 2.5 – 5 Lakhs 10%
Rs. 5 – 10 Lakhs 20%
Above Rs. 10 Lakhs 30%
Senior Citizens (60 to 80 Years of Age)
Income Tax Slab Tax
Up to Rs. 3 Lakhs Nil
Rs. 3 – 5 Lakhs 10%
Rs. 5 – 10 Lakhs 20%
Above Rs. 10 Lakhs 30%
Very Senior Citizens (More than 80 Years of Age)
Income Tax Slab Tax
Up to Rs. 5 Lakhs Nil
Rs. 5 – 10 Lakhs 20%
Above Rs. 10 Lakhs 30%
 
  • Education cess of 3%
  • Surcharge of 15% on Rs 1 crore plus income earners
  • Tax credit of Rs 5,000 for income up to Rs 5 lakhs u/s 87A
  • There are no separate slab for male and female