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|Income Slab||Slab Rate|
|Income upto Rs 5,00,000||No Tax|
|Income from Rs 5,00,000 - Rs 10,00,000||12,500 + 20% of (Taxable income - 5,00,000)|
|Income above Rs 10,00,000||1,12,500 + 30% of (Taxable income - 10,00,000)|
10% of income tax, where total income is between Rs. 50 lakhs and Rs.1 crore.
15% of income tax, where total income exceeds Rs.1 crore.
|Cess: 4% on total of income tax + surcharge.|