Income Tax Slab Rates (Current) | |
---|---|
Income Bracket (Rs.) | Current Tax Slab |
Up to Rs. 2.5 Lakhs | NIL |
Rs. 2.5 Lakhs to Rs. 5 Lakhs | 5% |
Rs. 5 Lakhs to Rs. 10 Lakhs | Rs. 12,500 plus 20% of total income exceeding Rs. 5 Lakhs. |
Above Rs. 10 Lakhs | Rs. 112,500 plus 30% of total income exceeding Rs. 10 Lakhs. |
Income Tax Slab Rates (Proposed for FY 2020/21) | |
---|---|
Income Bracket (Rs.) | Current Tax Slab |
Up to Rs. 2.5 Lakhs | NIL |
Rs. 2.5 Lakhs to Rs. 5 Lakhs | 5% |
Rs. 5 Lakhs to Rs. 7.5 Lakhs | 10% |
Rs. 7.5 Lakhs to Rs. 10 Lakhs | 15% |
Rs. 10 Lakhs to Rs. 12.5 Lakhs | 20% |
Rs. 12.5 Lakhs to Rs. 15 Lakhs | 25% |
Above Rs. 15 Lakhs | 30% |
Income Tax Slab Rates (Proposed for FY 2020/21) | |||
---|---|---|---|
Income Bracket (Rs.) | Tax payable under current tax regime | Tax payable under the new tax regime | Tax Saved Under New Regime |
Rs. 7.5 Lakhs | Rs. 54,600 | Rs. 39,000 | Rs. 15,600 |
Rs. 10 Lakhs | Rs. 106,600 | Rs. 78,000 | Rs. 28,600 |
Rs. 12.5 Lakhs | Rs. 179,400 | Rs. 130,000 | Rs. 49,400 |
Rs. 15 Lakhs | Rs. 257,400 | Rs. 195,000 | Rs. 62,400 |
Rs. 20 Lakhs | Rs. 413,400 | Rs. 351,000 | Rs. 62,400 |
Income Tax Slab Rates (Proposed for FY 2020/21) | ||||
---|---|---|---|---|
Income Bracket (Rs.) | Tax payable under current tax regime | Tax payable under the new tax regime | Tax Saved Under New Regime | Tax Saved Under Old Regime |
Rs. 7.5 Lakhs | Rs. 18,200 | Rs. 39,000 | - | Rs. 20,800 |
Rs. 10 Lakhs | Rs. 70,200 | Rs. 78,000 | - | Rs. 20,800 |
Rs. 12.5 Lakhs | Rs. 124,800 | Rs. 130,000 | - | Rs. 5200 |
Rs. 15 Lakhs | Rs. 202,800 | Rs. 195,000 | Rs. 7800 | - |
Rs. 20 Lakhs | Rs. 358,800 | Rs. 351,000 | Rs. 7800 | - |
Income Tax Slab Rates (Proposed for FY 2020/21) | ||||
---|---|---|---|---|
Income Bracket (Rs.) | Tax payable under current tax regime | Tax payable under the new tax regime | Tax Saved Under New Regime | Tax Saved Under Old Regime |
Rs. 7.5 Lakhs | Rs. 39,000 | - | Rs. 39,000 | |
Rs. 10 Lakhs | Rs. 28,600 | Rs. 78,000 | - | Rs. 49,400 |
Rs. 12.5 Lakhs | Rs. 70,200 | Rs. 130,000 | - | Rs. 59,800 |
Rs. 15 Lakhs | Rs. 111,800 | Rs. 195,000 | - | Rs. 83,200 |
Rs. 20 Lakhs | Rs. 234,000 | Rs. 351,000 | - | Rs. 117,000 |
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