For Individual (Male or Female both below age of 60 Year.), HUF and Non resident Indian.
For Individual Senior citizens (individual Who is age of 60 Year. or more but less then 80Year.)
For Individual Super Senior Citizen (individual who is age of 80 year. or more)
Note:- 1. 15% Surcharge on individual, HUF , if total income exceeds Rs. 1 Crore.(Marginal relief if applicable)
2. Education Cess 3% of income tax.
3. Tax rebate of Rs. 5000 Under section 87A of income tax Act, 1961 only for individual having total income upto Rs. 5,00,000. (This rebate not for HUF)
Income below 2,50,000
|
Nil
|
Income Exceeds 2,50,000 but up to 5,00,000
|
10 per cent of the
amount by which total income exceeds Rs. 2,50,000
|
Income Exceeds Rs. 5,00,000 but up to 10,00,000
|
Rs. 25,000 plus 20
percent of the amount by which income exceeds Rs. 5,00,000
|
Income Exceed Rs. 10,00,000
|
Rs. 1,25,000 plus 30 percent of the amount by
which income exceeds Rs. 10,00,000
|
For Individual Senior citizens (individual Who is age of 60 Year. or more but less then 80Year.)
Income below 3,00,000
|
Nil
|
Income Exceeds 3,00,000 but up to 5,00,000
|
10 per cent of the
amount by which total income exceeds Rs. 3,00,000
|
Income Exceeds Rs. 5,00,000 but up to 10,00,000
|
Rs. 20,000 plus 20
percent of the amount by which income exceeds Rs. 5,00,000
|
Income Exceed Rs. 10,00,000
|
Rs. 1,20,000 plus 30 percent of the amount by
which income exceeds Rs. 10,00,000
|
For Individual Super Senior Citizen (individual who is age of 80 year. or more)
Income below 5,00,000
|
Nil
|
Income Exceeds Rs. 5,00,000 but up to 10,00,000
|
20 percent of the amount
by which income exceeds Rs. 5,00,000
|
Income Exceed Rs. 10,00,000
|
Rs. 1,00,000 plus 30 percent of the amount by
which income exceeds Rs. 10,00,000
|
Note:- 1. 15% Surcharge on individual, HUF , if total income exceeds Rs. 1 Crore.(Marginal relief if applicable)
2. Education Cess 3% of income tax.
3. Tax rebate of Rs. 5000 Under section 87A of income tax Act, 1961 only for individual having total income upto Rs. 5,00,000. (This rebate not for HUF)
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