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Income tax Changes
Income Tax Rebate is available of max 2500 if net total Income between 250000-350000
Slab rate
|
Income |
Tax |
|
upto 250000 |
0% |
|
250001 to 500000 |
5% |
|
500001 to 1000000 |
20% |
|
Above 1000000 |
30% |
|
Rebate |
|
|
If income between 250000-350000 |
2500.00 |
|
Education Cess |
4% on tax |
Income Tax Rebate is available of max 2500 if net total Income between 250000-350000
|
Particulars |
Case 1 |
Case 2 |
Case 3 |
|
Income |
350000 |
500000 |
600000 |
|
Tax |
5000 |
12500 |
32500 |
|
Rebate |
2500 |
0 |
0 |
|
Net Tax |
2500 |
12500 |
32500 |
|
Education and Health Cess 4% |
100 |
500 |
1300 |
|
Tax + Cess |
2600 |
13000 |
33800 |
