Here are the rates at which one will be taxed this year on the basis of their income.
| Taxable income slab | Tax Rate (%) |
| Men | |
| Up to 1,50,000 | NIL |
| 1,50,001 - 3,00,000 | 10 |
| 3,00,001 - 5,00,000 | 20 |
| 5,000,001 upwards | 30* |
| Women | |
| Up to 1,80,000 | NIL |
| 1,80,001 - 3,00,000 | 10 |
| 3,00,001 - 5,00,000 | 20 |
| 5,000,001 upwards | 30* |
| Senior Citizen (65 Years or above) | |
| Up to 2,25,000 | NIL |
| 2,25,001 - 3,00,000 | 10 |
| 3,00,001 - 5,00,000 | 20 |
| 5,000,001 upwards | 30* |
*A surcharge of 10 per cent of the total tax liability is applicable where the total income exceeds Rs 1,000,000.
Note:
- Education cess is applicable @ 3 per cent on income tax, inclusive of surcharge if there is any.
- A marginal relief may be provided to ensure that the additional IT payable, including surcharge, on excess of income over Rs 1,000,000 is limited to an amount by which the income is more than this mentioned amount.
- Agricultural income is exempted from income-tax.
