Income Tax Slabs, Rates and Surcharge
FY 2023-24 AY 2024-25(New Tax Regime)
|
Tax Slab |
Tax Rate |
|---|---|
|
Up to Rs.3 lakh |
NIL |
|
Above Rs.3 lakh - Rs.6 lakh |
5% of the total income |
|
Above Rs.6 lakh - Rs.9 lakh |
10% of the total income |
|
Above Rs.9 lakh - Rs.12 lakh |
15% of the total income |
|
Above Rs.12 lakh - Rs.15 lakh |
20% of the total income |
|
Above Rs.15 lakh |
30% of the total income |
FY 2023-24 AY 2024-25(Old Tax Regime)
|
Tax Slab |
Tax Rate |
|---|---|
|
Up to Rs.2.5 lakh |
NIL |
|
Above Rs.2.50 - Rs.5 lakh |
5% of the total income |
|
Above Rs.5 lakh - Rs.7.50 lakh |
10% of the total income |
|
Above Rs.7.50 lakh - Rs.10 lakh |
15% of the total income |
|
Above Rs.10 lakh - Rs.12.50 lakh |
20% of the total income |
|
Above Rs.12.50 - Rs.15 lakh |
25% of the total income |
|
Above Rs.15 lakh |
30% of the total income |
