new tax system |
|
income slab |
income tax rate |
Up to Rs.2,50,000 |
|
2,50,000 rupees – 5,00,000 rupees |
5% above ₹ 2,50,000 |
5,00,000 rupees – 7,50,000 rupees |
12,500 + 10% above Rs 5,00,000 |
Rs 7,50,000 – Rs 10,00,000 |
37,500 + 15% of Rs 7,50,000 |
10,00,000 rupees – 12,50,000 rupees |
75,000 + 20% of Rs 10,00,000 |
12,50,000 rupees – 15,00,000 rupees |
1,25,000 rupees + 25% of 12,50,000 rupees |
1,500,000 rupees or more |
Rs.1,87,500 + 30% of Rs.1,500,000 |
|
|
old tax system |
|
income slab |
income tax rate |
Up to 2.5 million rupees |
none |
2.5 million rupees to 500,000 rupees |
5% for amounts above Rs.2,50,000 |
500,000 rupees – 1 million rupees |
12,500 + 20% of Rs 5,00,000 |
More than 1 million rupees |
Rs 1,12,500 + 30% of Rs 1,000,000 |