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Income Tax Slabs -Individual & HUF (Age Below 60 years)
Surcharge:
- 10 % Surcharge on tax if total income exceeds Rs. 5000000 (Fifty Lakh)
- 15% Surcharge on tax if total income exceeds Rs. 10000000 (1 crore)
In case of taxable income does not exceed Rs. 350000/- is eligible for tax rebate of 2500 under section 87A.
Income Tax Slabs -Senior Citizens (Age between 60 to 80)
Surcharge:
- 10 % Surcharge on tax if total income exceeds Rs. 5000000 (Fifty Lakh)
- 15% Surcharge on tax if total income exceeds Rs. 10000000 (1 crore)
In case of taxable income does not exceed Rs. 350000/- is eligible for tax rebate of 2500 under section 87A.
Income Tax Slabs -Senior Citizens (Age Above 80)
Surcharge:
- 10 % Surcharge on tax if total income exceeds Rs. 5000000 (Fifty Lakh)
- 15% Surcharge on tax if total income exceeds Rs. 10000000 (1 crore)