RESIDENT WOMAN
(Who is below 60 years on the last day of the previous year)
| Net Income Range | Income Tax Rates |
|---|---|
| Up to Rs. 1,90,000/- | Nil |
| Rs. 1,90,000/- to Rs. 3,00,000/- | 10% of (total income minus Rs. 1,90,000/-) |
| Rs. 3,00,000/- to Rs. 5,00,000/- | Rs. 11,000/- + 20% of (total income minus Rs. 3,00,000/-) |
| Above Rs. 5,00,000/- | Rs. 51,000/- + 30% of (total income minus Rs. 5,00,000/-) |
RESIDENT SENIOR CITIZEN
(Who is 60 years or more at any time during the previous year.)
| Net Income Range | Income Tax Rates |
|---|---|
| Up to Rs. 2,40,000/- | Nil |
| Rs. 2,40,000/- to Rs. 3,00,000/- | 10% of (total income minus Rs. 2,40,000/-) |
| Rs. 3,00,000/- to Rs. 5,00,000/- | Rs. 6,000/- + 20% of (total income minus Rs. 3,00,000/-) |
| Above Rs. 5,00,000/- | Rs. 46,000/- + 30% of (total income minus Rs. 5,00,000/-) |
ANY OTHER INDIVIDUAL/ HUF/ AOP/ BOI/ ARTIFICIAL JURIDICIAL PERSON
| Net Income Range | Income Tax Rates |
|---|---|
| Up to Rs. 1,60,000/- | Nil |
| Rs. 1,60,000/- to Rs. 3,00,000/- | 10% of (total income minus Rs. 1,60,000/-) |
| Rs. 3,00,000/- to Rs. 5,00,000/- | Rs. 14,000/- + 20% of (total income minus Rs. 3,00,000/-) |
| Above Rs. 5,00,000/- | Rs. 54,000/- + 30% of (total income minus Rs. 5,00,000/-) |
PLUS EDUCATION CESS @ 3% OF INCOME TAX.