Income Tax Slabs India
You Can Find the Income Tax Slabs of India like Individual, Hindu Undivided Family (HUF), Association of Persons or Body of Individuals or any other artificial juridical person, Trust, Partnership Deed, Domestic Company Company, Foreign Company.
In case of an Individual or HUF or Association of Person or Body of Individuals or any other artificial juridical person (resident or non-resident)
Income Tax Slabs for Individuals :
|
Total Net Income |
Rate of Income-tax |
|
|
Assessment Year 2022-23 |
Assessment Year 2023-24 |
|
|
Up to Rs. 2,50,000 |
– |
– |
|
Rs. 2,50,000 to Rs. 5,00,000 |
5% |
5% |
|
Rs. 5,00,000 to Rs. 10,00,000 |
20% |
20% |
|
Above Rs. 10,00,000 |
30% |
30% |
Income Tax Slabs For Women :
|
Total Net Income |
Rate of Income-tax |
|
|
Assessment Year 2022-23 |
Assessment Year 2023-24 |
|
|
Up to Rs. 2,50,000 |
– |
– |
|
Rs. 2,50,000 to Rs. 5,00,000 |
5% |
5% |
|
Rs. 5,00,000 to Rs. 10,00,000 |
20% |
20% |
|
Above Rs. 10,00,000 |
30% |
30% |
Income Tax Slabs For Senior Citizens up to 80 :
|
Total Net Income |
Rate of Income-tax |
|
|
Assessment Year 2022-23 |
Assessment Year 2023-24 |
|
|
Up to Rs. 3,00,000 |
– |
– |
|
Rs. 3,00,000 to Rs. 5,00,000 |
5% |
5% |
|
Rs. 5,00,000 to Rs. 10,00,000 |
20% |
20% |
|
Above Rs. 10,00,000 |
30% |
30% |
Income Tax Slabs For Super Senior Citizens Above 80:
|
Total Net Income |
Rate of Income-tax |
|
|
Assessment Year 2022-23 |
Assessment Year 2023-24 |
|
|
Up to Rs. 5,00,000 |
– |
– |
|
Rs. 5,00,000 to Rs. 10,00,000 |
20% |
20% |
|
Above Rs. 10,00,000 |
30% |
30% |
Hindu Undivided Family (Including HUF, AOP, BOI, and Artificial Juridical Person)
|
Total Net Income |
Rate of Income-tax |
|
|
Assessment Year 2021-22 |
Assessment Year 2020-21 |
|
|
Up to Rs. 2,50,000 |
– |
– |
|
Rs. 2,50,000 to Rs. 5,00,000 |
5% |
5% |
|
Rs. 5,00,000 to Rs. 10,00,000 |
20% |
20% |
|
Above Rs. 10,00,000 |
30% |
30% |
Income Tax Slabs For Co-operative Society :
|
Total Taxable income |
Tax Rate |
|
Up to Rs. 10,000 |
10% |
|
Rs. 10,000 to Rs. 20,000 |
20% |
|
Above Rs. 20,000 |
30% |
Income Tax Slabs For Partnership Firm :
|
Total Taxable income |
Tax Rate |
|
Up to Rs. 10,000 |
Nil |
|
Rs. 10,000 to Rs. 20,000 |
30% |
|
Above Rs. 20,000 |
30% |
Income Tax Slabs For Domestic Companies:
|
Domestic Company |
||
|
Assessment Year 2022-23 |
Assessment Year 2023-24 |
|
|
Total turnover or gross receipt during the does not exceed Rs. 400 crore for the yea 2017-18 |
25% |
NA |
|
Total turnover or gross receipt does not exceed Rs. 400 crore for the year 2018-19 |
NA |
25% |
|
Any other domestic company |
30% |
30% |
Rate of Surcharge :
|
Assessment Year 2022-23 |
||||
|
Range of Income |
||||
|
Rs. 50 Lakhs to Rs. 1 Crore |
Rs. 1 Crore to Rs. 2 Crores |
Rs. 2 Crores to Rs. 5 Crores |
Rs. 5 crores to Rs. 10 Crores |
Exceeding Rs. 10 Crores |
|
10% |
15% |
25% |
37% |
37% |
|
Assessment Year 2023-24 |
||||
|
Range of Income |
||||
|
Rs. 50 Lakhs to Rs. 1 Crore |
Rs. 1 Crore to Rs. 2 Crores |
Rs. 2 Crores to Rs. 5 Crores |
Rs. 5 crores to Rs. 10 Crores |
Exceeding Rs. 10 Crores |
|
10% |
15% |
25% |
37% |
37% |
Special New Income Tax Rate
Special New Income Tax Rate For Individual And Hindu Undivided Family (Huf)
Income Tax Slabs For Individuals:
|
Total Income (Rs) |
Rate |
|
Up to 2,50,000 |
Nil |
|
From 2,50,001 to 5,00,000 |
5% |
|
From 5,00,001 to 7,50,000 |
10% |
|
From 7,50,001 to 10,00,000 |
15% |
|
From 10,00,001 to 12,50,000 |
20% |
|
From 12,50,001 to 15,00,000 |
25% |
|
Above 15,00,000 |
30% |
Special New tax rates applicable to Co-operative societies:
|
Total Taxable income |
Tax Rate |
|
Any income |
22% |
Special New Tax Rates Applicable To A Domestic Company
Domestic Company
|
Domestic Company |
||
|
Assessment Year 2020-21 |
Assessment Year 2021-22 |
|
|
For section 115BA |
25% |
25% |
|
For Section 115BAA |
22% |
22% |
|
For Section 115BAB |
15% |
15% |
Foreign Company :
|
Nature of Income |
Tax Rate |
|
Royalty received from the Government has been approved by the Central Government |
50% |
|
Any other income |
40% |
Special Rate of Surcharge :
|
Assessment Year 2021-22 |
||||
|
Range of Income |
||||
|
Rs. 50 Lakhs to Rs. 1 Crore |
Rs. 1 Crore to Rs. 2 Crores |
Rs. 2 Crores to Rs. 5 Crores |
Rs. 5 crores to Rs. 10 Crores |
Exceeding Rs. 10 Crores |
|
10% |
15% |
25% |
37% |
37% |