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Income Tax Slab 2017-18

Income Tax Slab 2017-18Income Tax Slab 2017-18 – Expecting

Income Tax Slab 2017-18 – Central Board of Direct Taxes (CBDT) is a statutory authority functioning under the Central Board of Revenue. CBDT Expected New Income Tax Slabs for the financial year 2017-18. This year is more expectations on the Budget due to heavy inflow of cash to the banks due to demonetisation. The Income Tax Slabs are may likely going to increase or Changed.

Central Government is presenting the budget for the FY 2017-18 and AY 2018-19 on 1st February 2017.

Expected Income tax Slabs 2017-18

In the below table we are proving you the expected income tax slabs for 2017-18.

Income Tax Slab Rate 2017-18 – Below 60 Years(AY 2018-19)

Income Tax Slab (Income) Income Tax Rate
Upto Rs. 4 Lakhs Zero (Nil)
Rs. 4,00,001 – Rs. 5,00,000 10%
Rs. 500,001 – Rs. 10,00,000 20%
Above Rs. 10,00,000 30%

Surcharge: 15% of income tax, where total income exceeds Rs.1 crore.

Cess: 3% – 5% on total of income tax + surcharge.

For Senior Citizens – Income Tax Slab Rate 2017-18 (AY 2018-19)

Income Tax Slab (Income) Income Tax Rate
Upto Rs. 5 Lakhs Zero (Nil)
Rs. 5,00,001 – Rs. 10,00,000 20%
Above Rs. 10,00,000 30%

Surcharge: 15% of income tax, where total income exceeds Rs.1 crore.

Cess: 3% – 5% on total of income tax + surcharge.

Income tax slab rates in India – Income tax slab 2016-17

Here we are providing you the income tax slab rates of the present financial year and for assessment year of 2017-18.

Income Tax Slab Rate 2017-18 – Below 60 Years(AY 2018-19)

Income Tax Slab (Income) Income Tax Rate
Upto Rs. 2.5 Lakhs Zero (Nil)
Rs 2,50,000 – Rs 5,00,000 10%
Rs. 500,001 – Rs. 10,00,000 20%
Above Rs. 10,00,000 30%

Surcharge: 12% of income tax, where total income exceeds Rs.1 crore.

Cess: 3%  on total of income tax + surcharge.

For Senior Citizens – Income Tax Slab Rate 2017-18 (AY 2018-19)

Income Tax Slab (Income) Income Tax Rate
Upto Rs. 3 Lakhs Zero (Nil)
Rs. 3,00,001 – Rs. 5,00,000 10%
Rs. 500,001 – Rs. 10,00,000 20%
Above Rs. 10,00,000 30%

Surcharge: 12% of income tax, where total income exceeds Rs.1 crore.

Cess: 3% on total of income tax + surcharge.

Related More Govt Jobs:

Reader Interactions

Comments

  1. Dipankar Barman says

    February 7, 2017 at 5:51 am

    How can I apply for this type of job

  2. manoj basak says

    February 11, 2017 at 7:06 am

    Graduation

  3. Rakesh says

    February 11, 2017 at 6:16 pm

    Send me how the tax has been calculated and deducted and the list of slab 2016-17.

  4. umesh Joshi says

    February 14, 2017 at 8:20 am

    dear sir

    I have 6 years admin department. Oxford university press

  5. ABHIJITH AJAYAKUMAR says

    February 17, 2017 at 2:46 pm

    I am interested for work income tax

  6. B.srikanth says

    February 23, 2017 at 3:02 pm

    Iam Interested in income tax department…

  7. Bamaniya anita says

    February 24, 2017 at 6:40 am

    How can I apply for this job

  8. Mahendra Goswami says

    February 26, 2017 at 6:20 am

    M.com

  9. rajbirkaur says

    February 26, 2017 at 8:00 am

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