Income Tax Slab Rates for Individuals, HUF, AOP, BOI and AJP

Income tax slabs- tax rates for individuals, HUF, AOP, BOI and AJP, applicability of surcharge, secondary and higher education cess, and tax rebate in India.

Income tax in India is charged based on the residency or the age group of a tax payer. The income tax brackets are provided in Union Budget 2016 presented in the Parliament on 29th February 2016. It got the assent of the President of India on 14th May 2016. Accordingly, following are the income tax slabs relevant for Assessment year 2017-18 (i.e. Financial Year 2016-17):

1. For Individuals

1. Resident – age below 60 years

   Income range	Tax rate	Surcharge*	EC & SHEC(**)	Rebate
   Rs. 2,50,000 – Rs. 5,00,000	10% of income above Rs. 2,50,000	Nil	3% of tax	Maximum Rs. 5,000
   Rs. 5,00,000 – Rs. 10,00,000	20% of income above Rs. 5,00,000	Nil	3% of tax	Nil
   More than Rs. 10,00,000	30% of income above Rs. 10,00,000	Nil	3% of tax	Nil
   More than Rs. 1,00,00,000	30% of income above Rs. 10,00,000	15% of tax	3% of (tax + surcharge)	Nil

2. Resident senior citizen – age above 60 years but below 80 years
   

   Income range	Tax rate	Surcharge*	EC & SHEC(**)	Rebate
   Up to Rs. 3,00,000	No tax	Nil	Nil	Nil
   Rs. 3,00,000 – Rs. 5,00,000	10% of income above Rs. 3,00,000	Nil	3% of tax	Maximum Rs. 5,000
   Rs. 5,00,000 – Rs. 10,00,000	20% of income above Rs. 5,00,000	Nil	3% of tax	Nil
   More than Rs. 10,00,000	30% of income above Rs. 10,00,000	Nil	3% of tax	Nil
   More than Rs. 1,00,00,000	30% of income above Rs. 10,00,000	15% of tax	3% of (tax + surcharge)	Nil

3. Resident super senior citizen – age above 60 years but below 80 years
   

   Income range	Tax rate	Surcharge*	EC & SHEC(**)	Rebate
   Up to Rs. 5,00,000	No tax	Nil	Nil	Nil
   Rs. 5,00,000 – Rs. 10,00,000	20% of income above Rs. 5,00,000	Nil	3% of tax	Nil
   Rs. 5,00,000 – Rs. 10,00,000	20% of income above Rs. 5,00,000	Nil	3% of tax	Nil
   More than Rs. 10,00,000	30% of income above Rs. 10,00,000	Nil	3% of tax	Nil
   More than Rs. 1,00,00,000	30% of income above Rs. 10,00,000	15% of tax	3% of (tax + surcharge)	Nil

4. Non-Residents (NRI)
   

   Income range	Tax rate	Surcharge*	EC & SHEC(**)
   Upto Rs. 2,50,000	No tax	Nil	Nil
   Rs. 2,50,000 – Rs. 5,00,000	10% of income above Rs. 2,50,000	Nil	3% of tax
   Rs. 5,00,000 – Rs. 10,00,000	20% of income above Rs. 5,00,000	Nil	3% of tax
   More than Rs. 10,00,000	30% of income above Rs. 10,00,000	Nil	3% of tax
   More than Rs. 1,00,00,000	30% of income above Rs. 10,00,000	15% of tax	3% of (tax + surcharge)

2. For Hindu Undivided Family (HUF)/ Association Of Person (AOP)/ Body Of Individual (BOI)/ Artificial Judicial Person (AJP)

* Marginal relief may be claimed.

** Education Cess (EC) and Secondary & Higher Education Cess (SHEC).