In case of individual (other than Senior Citezen and Women) and HUF:

Income Level Tax Amount (At Normal Rate)
i. If the total taxable income does not exceed Rs.1,60,000/-. NIL
ii. If the total income exceeds Rs.1,60,000/- but does not exceed Rs.5,00,000/-. 10% of amount by which the total taxable income exceeds Rs. 1,60,000/-
iii. If the total taxable income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-. Rs. 34,000/- + 20% of the amount by which the total taxable income exceeds Rs.5,00,000/-.
iv. If the total taxable income exceeds Rs.8,00,000/-. Rs. 94,000/- + 30% of the amount by which the total taxable income exceeds Rs.8,00,000/-.
II. In case of individual being a woman resident in India and below the age of 65 years at any time during the previous year:-

Income Level Income Tax Rate
i. If the total income does not exceed Rs.1,90,000/-. NIL
ii. If total taxable income exceeds Rs.1,90,000/- but does not exceed Rs.5,00,000/-. 10% of the amount by which the total taxable income exceeds Rs.1,90,000/-.
iii. If the total taxable income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-. Rs. 31,000- + 20% of the amount by which the total taxable income exceeds Rs.5,00,000/-.
iv. If the total taxable income exceeds Rs.8,00,000/- Rs.91,000/- + 30% of the amount by which the total taxable income exceeds Rs.8,00,000/-.
III. In case of an individual resident who is of the age of 65 years or more at any time during the previous year:-

Income Level Income Tax Rate
i. Where the total taxable income does not exceed Rs.2,40,000/-. NIL
ii. If the total taxable income exceeds Rs.2,40,000/- but does not exceed Rs.5,00,000/- 10% of the amount by which the total taxable income exceeds Rs.2,40,000/-.
iii. If the total taxable income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/- Rs.26,000/- + 20% of the amount by which the total taxable income exceeds Rs.5,00,000/-.
iv. If the total taxable income exceeds Rs.8,00,000/- Rs.86,000/- + 30% of the amount by which the total taxable income exceeds Rs.8,00,000/-.
  • Surcharge: No Surcharge on Income Tax for the above cases
  • Education Cess: 2% of the Income-tax calculated above
  • Secondary and Higher Education Cess: 1% of the Income Tax calculated above
THE SUM OF THE ABOVE TAX CALCULATED AT NORMAL RATE, EDUCATION CESS AND SECONDARY AND HIGHER EDUCATION CESS IS THE TAX LIABILITY