Income Tax Slab | New Regime Income Tax Slab Rates FY 2021-22 (Applicable for All Individuals & HUF) |
Rs 0.0 – Rs 2.5 lakh | NIL |
Rs 2.5 lakh – Rs 3.00 lakh | 5% (tax rebate u/s 87a is available) |
Rs 5.00 lakh- Rs 7.5 lakh | 10% |
Rs 7.5 lakh – Rs 10.00 lakh | 15% |
Rs 10.00 lakhs – Rs 12.50 lakh | 20% |
Rs 12.5 lakhs – Rs 15.00 lakh | 25% |
Rs 15 lakh | 30% |
Income Tax Slabs | Rate of Tax |
For income up to ₹2.5 Lakh | Nil |
For income ranging between ₹2,50,001 and ₹5 Lakh | 5% of the total income above ₹2,50,000 |
For income ranging between ₹5,00,001 and ₹10 Lakh | ₹12,500+ 20% of the total income above ₹5 Lakh |
For income above ₹10 Lakh | ₹1,12,500+ 30% of their total income above ₹10 Lakh |
Income Tax Slab 60 + salary | Income Tax Rate | Income Tax Slab | Income Tax Rate |
Up to ₹ 3,00,000 | Nil | Up to ₹ 2,50,000 | Nil |
₹ 3,00,001 - ₹ 5,00,000 | 5% above ₹ 3,00,000 | ₹ 2,50,001 - ₹ 5,00,000 | 5% above ₹ 2,50,000 |
₹ 5,00,001 - ₹ 10,00,000 | ₹ 10,000 + 20% above ₹ 5,00,000 | ₹ 5,00,001 - ₹ 7,50,000 | ₹ 12,500 + 10% above ₹ 5,00,000 |
Above ₹ 10,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | ₹ 7,50,001 - ₹ 10,00,000 | ₹ 37,500 + 15% above ₹ 7,50,000 |
₹ 10,00,001 - ₹ 12,50,000 | ₹ 75,000 + 20% above ₹ 10,00,000 | ||
₹ 12,50,001 - ₹ 15,00,000 | ₹ 1,25,000 + 25% above ₹ 12,50,000 | ||
Above ₹ 15,00,000 | ₹ 1,87,500 + 30% above ₹ 15,00,000 |
Income Tax Slab 80+ | Income Tax Rate | Income Tax Slab | Income Tax Rate |
Up to ₹ 5,00,000 | Nil | Up to ₹ 2,50,000 | Nil |
₹ 5,00,001 - ₹ 10,00,000 | 20% above ₹ 5,00,000 | ₹ 2,50,001 - ₹ 5,00,000 | 5% above ₹ 2,50,000 |
Above ₹ 10,00,000 | ₹ 1,00,000 + 30% above ₹ 10,00,000 | ₹ 5,00,001 - ₹ 7,50,000 | ₹ 12,500 + 10% above ₹ 5,00,000 |
₹ 7,50,001 - ₹ 10,00,000 | ₹ 37,500 + 15% above ₹ 7,50,000 | ||
₹ 10,00,001 - ₹ 12,50,000 | ₹ 75,000 + 20% above ₹ 10,00,000 | ||
₹ 12,50,001 - ₹ 15,00,000 | ₹ 1,25,000 + 25% above ₹ 12,50,000 | ||
Above ₹ 15,00,000 | ₹ 1,87,500 + 30% above ₹ 15,00,000 |
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