INCOME TAX
UPTO 250000 Nil
250000-500000 10% of Income Greater than 250000
500000-1000000 20% of Income Greater than 500000+25000
>1000000 30% of Income Greater than 500000+125000

(Applicable for ITR of Financial Year 2016-17 (AY 2017-18)
(Applicable for Payroll till 31 March 2017)

Note:- For Senior Citizens (60 years -80 Years),Upto 300000 exempt

Note:- For Super Senior Citizens (80 years or above),Upto 500000 exempt


Rebates

Rebate of Max 2000 5000 if Income between 250000-500000 (New Amendment)


Surcharge

if Income More than 1 Crores,then 15% Surcharge

 

  1. Income Tax
  2. Amendments Income Tax for May 2017 Exams
Ask Download

About the Author

Davneet Singh's photo - Teacher, Computer Engineer, Marketer
Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 7 years. He provides courses for Mathematics and Science from Class 6 to 12. You can learn personally from here https://www.teachoo.com/premium/maths-and-science-classes/.
Jail