INCOME TAX SLAB RATE FOR THE FINANCIAL YEAR 2017-18 & ASSESSMENT YEAR 2018-19 AS GIVEN BELOW:-
Individuals Below 60 Yrs – Income Tax Slab 2017-18 (AY 2018-19)
Income Tax Slab
|
Income Tax Rate
|
Income upto Rs. 2,50,000
|
Nil
|
Income between Rs. 2,50,001 – Rs. 500,000
|
5% of Income exceeding Rs. 2,50,000
|
Income between Rs. 500,001 – Rs. 10,00,000
|
20% of Income exceeding Rs. 5,00,000
|
Income above Rs. 10,00,000
|
30% of Income exceeding Rs. 10,00,000
|
Senior Citizens (60-80 yrs) : Income Tax Slab 2017-18 (AY 2018-19)
Income Tax Slab
|
Income Tax Rate
|
Income upto Rs. 3,00,000
|
Nil
|
Income between Rs. 3,00,001 – Rs. 500,000
|
5% of Income exceeding Rs. 3,00,000
|
Income between Rs. 500,001 – Rs. 10,00,000
|
20% of Income exceeding Rs. 5,00,000
|
Income above Rs. 10,00,000
|
30% of Income exceeding Rs. 10,00,000
|
Super Senior Citizens ( Above 80 yrs) : Income Tax Slab 2017-18 (AY 2018-19)
Income Tax Slab
|
Income Tax Rate
|
Income upto Rs. 5,00,000
|
Nil
|
Income between Rs. 500,001 – Rs. 10,00,000
|
20% of Income exceeding Rs. 5,00,000
|
Income above Rs. 10,00,000
|
30% of Income exceeding Rs. 10,00,000
|
All of are well known that the Income Tax Slab have already changed by the Finance Budget 2017-18. The New Tax Slab is given below for the Financial Year 2017-18.
It is also changed the Tax Rebate U/s 87A Rs.2,500/- from the Rs. 5,000/- and the limit of this Rebate who’s taxable income is below Rs.3.5 lakh as per the Finance Budget 2017-18
Download All in One Income Tax Preparation Excel Based Software for Govt and Non-Govt Employees for F.Y.2017-18 & A.Y.2018-19.
[This Excel Utility can prepare can prepare at a time your Income Tax calculation + Individual Salary Sheet + Individual Salary Structure for Govt and Non-Govt Concern’s Salary Pattern + Automated Arrears Relief Calculation with form 10E + Automated House Rent Exemption Calculation U/s 10 (13A + Automated New Modified Form 16 Part A&B and Form 16 Part B. All of the above Calculation have in one Excel Utility. This Excel Utility can use both of Govt and Non-Govt Employees as the Salary Structure prepared as per the Govt and Non Govt Concerned Salary Pattern. You can use this utility for the Financial Year 2017-18 and Assessment Year 2018-19.]