Income Tax Slab and Rates given below are for Indian citizens of age less than 60. This rates are applicable for the Financial Year 2017-2018 Income Tax Slab Rates Financial Year 2017-2018 Assessment Year 2018-19 Income Tax Slab Rates SLAB 1 Individuals whose total income not exceeding Rs. 2,50,000 ( 2.5 lakhs ) They are exempted from paying income tax.
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Income Tax Slab and Rates given below are for Senior Indian citizens of age 60 and above . This rates are applicable for the Financial Year 2017-2018 Senior citizens Income Tax Slab Rates Financial Year 2017-2018 Assessment Year 2018-19 Senior citizen Income Tax Slab Rates SLAB 1 Individuals whose total income not exceeding Rs. 3,00,000 ( 3 lakhs ) They are exempted from paying income tax.
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