Ay 14-15

Net income range / Income

Income-tax rates
Slabs

Upto Rs. 10,000 10% of the income

Rs. 1000 + 20% of (total income minus Rs.

Rs. 10,000 - Rs. 20,000
10,000)

Rs. 3,000 + 30% of (total income minus

Above Rs. 20,000
Rs.20,000)

1) Surcharge - 10% of the Income Tax, where total taxable income is more than Rs. 1 crore.
2) Education cess - 2% of income-tax.
3) Secondary and higher education cess - 1% of income-tax. Total Cess = 3% of Income-Tax.

Ay15-16

Net income range / Income

Income-tax rates
Slabs

Upto Rs. 10,000 10% of the income

Rs. 1000 + 20% of (total income minus Rs.

Rs. 10,000 - Rs. 20,000
10,000)

Rs. 3,000 + 30% of (total income minus

Above Rs. 20,000
Rs.20,000)

1) Surcharge - 10% of the Income Tax, where total taxable income is more than Rs. 1 crore.
2) Education cess - 2% of income-tax.
3) Secondary and higher education cess - 1% of income-tax. Total Cess = 3% of Income-Tax
AY 16-17

INCOME TAX SLABS

Where the taxable income does not exceed 10% of the income.
₹ 10,000/-.

Where the taxable income exceeds ₹ RS-1,000/- + 20% of income in excess of ₹

10,000/- but does not exceed ₹ 20,000/-. 10,000/-.

Where the taxable income exceeds ₹ RS-3.000/- + 30% of the amount by which
20,000/- the taxable income exceeds ₹ 20,000/-.

Surcharge : 12% of the Income Tax, where taxable income is more than ₹ 1 crore. (Marginal Relief
in Surcharge, if applicable)

Education Cess : 3% of the total of Income Tax and Surcharge.

Ay 17-18

income slabs Income tax rates

Income Slabs Tax Rates 10% of the income.

i. Where the taxable income does not

exceed ₹ 10,000/-.

ii. Where the taxable income exceeds ₹ ₹ 1,000/- + 20% of income in excess of ₹
10,000/- but does not exceed ₹ 20,000/-. 10,000/-.

iii. Where the taxable income exceeds ₹ ₹ 3.000/- + 30% of the amount by
20,000/- which the taxable income exceeds ₹
20,000/-.

Surcharge : 12% of the Income Tax, where taxable income is more than ₹ 1 crore.
(Marginal Relief in Surcharge, if applicable)
Education Cess : 3% of the total of Income Tax and Surcharge.
Ay 18-19
Income SLABS Tax rates

Where the taxable income does not exceed ₹ 10% of the income
10,000/-.

Where the taxable income exceeds ₹ 10,000/- ₹ 1,000/- + 20% of income in excess of ₹
but does not exceed ₹ 20,000/-. 10,000/-.

Where the taxable income exceeds ₹ 20,000/- ₹ 3.000/- + 30% of the amount by which the
taxable income exceeds ₹ 20,000/-.

1) Education Cess : 3% of the total of Income Tax and Surcharge

 2) Surcharge : 12% of the Income Tax, where taxable income is more than ₹ 1 crore.
However, the amount of Income Tax and Surcharge shall not increase the amount of
income tax payable on a taxable income of ₹ 1 crore by more than the amount of increase
in taxable income.

A.Y 19-20

INCOME slabs TAX RATES

Where the taxable income does not exceed ₹ 10% of the income.
10,000/-.

Where the taxable income exceeds ₹ 10,000/- ₹ 1,000/- + 20% of income in excess of ₹
but does not exceed ₹ 20,000/-. 10,000/-

Where the taxable income exceeds ₹ 20,000/- ₹ 3.000/- + 30% of the amount by which
the taxable income exceeds ₹ 20,000/-.

1) Surcharge : 12% of the Income Tax, where taxable income is more than ₹ 1 crore. However,
the amount of Income Tax and Surcharge shall not increase the amount of income tax
payable on a taxable income of ₹ 1 crore by more than the amount of increase in taxable
income.
2) Health & Education Cess : 4% of the total of Income Tax and Surcharge.

Refrences

https://finotax.com/income-tax/slabs-1920#i33

comparative analysis-