Income Tax Slabs:
Income tax slab rate applicable for New Tax regime –
FY 2022-23.
|
Income Tax Slab |
New Regime Income Tax Slab Rates for FY 2020-21 (Applicable for All Individuals below 60 years) |
|
Rs 0.0 – Rs 2.5 Lakhs |
NIL |
|
Rs 2.5 lakhs- Rs 3.00 Lakhs |
5% (tax rebate u/s 87a is available) |
|
Rs. 3.00 lakhs – Rs 5.00 Lakhs |
|
|
Rs. 5.00 lakhs- Rs 7.5 Lakhs |
10% |
|
Rs 7.5 lakhs – Rs 10.00 Lakhs |
15% |
|
Rs 10.00 lakhs – Rs. 12.50 Lakhs |
20% |
|
Rs. 12.5 lakhs- Rs. 15.00 Lakhs |
25% |
|
More than Rs. 15 Lakhs |
30% |
Income tax slabs for Individual aged below 60 years
& HUF
|
Income Tax Slab |
Old Regime Income Tax Slab Rates for FY 2020-21 (Applicable for All Individuals below 60 years) |
|
Up to Rs 2.5 lakhs |
Nil |
|
Rs. 2.5 lakh -Rs. 5Lakhs |
5% |
|
Rs 5 .00 lakh – Rs 10 lakhs |
20% |
|
More than Rs 10.00 lakh |
30% |
Click on the following image to calculate your tax-
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