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Income Tax Slabs for the Individual Male (Below 60 Years Age) for the Assessment Year 2016-2017
Sl No. Income Tax Slab Income Tax Rate Payable
1. Rs. 0 to 250,000 No Income Tax
2. Rs. 250,001 to 500,000 10%
3. Rs. 500,001 to 1,000,000 20%
4. Rs. 1,000,001 and above 30%
Income Tax Slabs for the Individual Female (Below 60 Years Age) for the Assessment Year 2016-2017
Sl No. Income Tax Slab Income Tax Rate Payable
1. Rs. 0 to 250,000 No Income Tax
2. Rs. 250,001 to 500,000 10%
3. Rs. 500,001 to 1,000,000 20%
4. Rs. 1,000,001 and above 30%
Income Tax Slabs for the Senior Citizen (60 to 80 Years Age) for the Assessment Year 2016-2017
Sl No. Income Tax Slab Income Tax Rate Payable
1. Rs. 0 to 300,000 No Income Tax
2. Rs. 300,001 to 500,000 10%
3. Rs. 500,001 to 1,000,000 20%
4. Rs. 1,000,001 and above 30%
Income Tax Slabs for the Very Senior Citizen (Above 80 Years Age) for the Assessment Year 2016-2017
Sl No. Income Tax Slab Income Tax Rate Payable
1. Rs. 0 to 500,000 No Income Tax
3. Rs. 500,001 to 1,000,000 20%
4. Rs. 1,000,001 and above 30%