Income Tax Slab

The Income Tax Department has defined different Income Tax Slab Rates for employees according to their age and the tax regime chosen. The taxable income is applied on the appropriate Tax Slab to calculate the Income Tax. The New Tax regime has a single Tax slab for all ages, whereas the old tax regime has different tax slabs according to age.

Steps to calculate Income Tax?

  • First, calculate your Taxable Income.

  • Second, apply the Taxable Income on the appropriate Tax Slab

  • Then, you get your Income Tax.

How to find your Tax Slab – New Regime

The New Regime has only one Income Tax Slab for all.

Income tax slap new regime

How to find your Tax Slab – Old Regime

The Old Regime has three different tax slabs according to your age

Income Tax Slab for age below 60 Years – Old Regime

income tax slab old regime

Income Tax Slab for age between 60 to 80 Years – Old Regime

income tax slap regime between 60&80

Income Tax Slab for age above 80 Years – Old Regime

old regime income tax slab

Income Tax Slab in the Income Tax Calculator

When you use the Income Tax Calculator, just specify your Date of Birth and the calculator will pick the appropriate tax slab according to your age and the tax regime best for you.

income tax slab

Now, let me show you how the Income Tax Calculator works if you are below 60 years of age.

basic details
salary details-income tax slab
Income tax slab age below 60

Now, let me show you how the Income Tax Calculator works if you are between 60 to 80 years of age.

basic details age between 60&80
Salary Details - Age Between 60 & 80
income tax slab age between 60 to 80

Now, I’m going to show you how the Income Tax Calculator works if you are above 80 years of age.

basic details-age above 80
Salary Details - Age Above 80
Income Tax slab

If you are calculating Income Tax manually, remember to choose the appropriate Income Tax Slab according to your age and the selected tax regime. But, if you are using the Income Tax Calculator, just specify the correct date of birth and the rest will be taken care. The Income Tax Calculator hides the intricacies of the calculation process and makes life easier for you!