Income Tax Slab A.Y.2018-19

Print Friendly, PDF & Email

The page is exclusively for income tax slab for A.Y. 2018-19. You can also download income tax slabs in PDF format.

Download Income Tax Slab A.Y. 2018-19 & A.Y.2017-18

Income Tax Slab (PDF Format) Download
Income Tax Slab (Excel Format) Download

Income Tax Slab A.Y. 2018-19

1) Income Tax Slab (Up to 60 Years Age)

Income Tax Slab for Individuals, HUF, AOP/BOI & artificial juridical person up to 60 years of age (born on or after April 2, 1958)

 IncomeTax Rates
i)Income up to 2.5 lakh NIL
ii)Income From 2.5 Lakh to 5 Lakh5% on income over Rs. 2.5 Lakh
iii)Income from 5 Lakh to 10 LakhRs. 12,500/- +20% on above income 5 lakh
iv)Income above 10 lakhRs. 1,12,500 + 30% on income above 10 lakh
v)Surcharge will be applicable @ 10% when total taxable income is over 50 lacs but less than 1 crore.
@ 15% if income is over 1 core
vi)3% Education Cess, Secondary & Higher Education Cess will be applicable on income tax & surcharge
Rebate u/s 87A: A resident individual (whose net income does not exceed Rs.3,50,000) can avail rebate under section 87A. It is deductible from income-tax before calculating seduction cess. The amount of rebate is 100% of income tax or Rs.2,500 whichever is less.

2) Income Tax Slab (Senior Citizens) (60 to 80 Years Age)

Income Tax Slab for Individuals, HUF, AOP/BOI & artificial juridical person (Who is 60 years or more at any time during the previous year but less than 80 years on the last date of the previous year) i.e. born on or after April 2, 1938 but before 2, 1958.

 IncomeTax Rates
i)Income up to 3 lakh NIL
ii)Income From 3 Lakh to 5 Lakh5% on income over Rs. 3 Lakh
iii)Income from 5 Lakh to 10 LakhRs. 10,000/- +20% on above income 5 lakh
iv)Income above 10 lakhRs. 1,10,000 + 30% on income above 10 lakh
v)Surcharge will be applicable @ 10% when total taxable income is over 50 lacs but less than 1 crore.
@ 15% if income is over 1 core
vi)3% Education Cess, Secondary & Higher Education Cess will be applicable on income tax & surcharge
Rebate u/s 87A: A resident individual (whose net income does not exceed Rs.3,50,000) can avail rebate under section 87A. It is deductible from income-tax before calculating seduction cess. The amount of rebate is 100% of income tax or Rs.2,500 whichever is less.

3) Income Tax Slab (Super Senior Citizens) (Above 80 Years Age)

Income Tax Slab for Individuals, HUF, AOP/BOI & artificial juridical person above 80 years or age i.e. born before April 2, 1938.

 IncomeTax Rates
i)Income up to 5 lakh NIL
iii)Income from 5 Lakh to 10 Lakh20% on above income 5 lakh
iv)Income above 10 lakhRs. 1,00,000 + 30% on income above 10 lakh
v)Surcharge will be applicable @ 10% when total taxable income is over 50 lacs but less than 1 crore.
@ 15% if income is over 1 core
vi)3% Education Cess, Secondary & Higher Education Cess will be applicable on income tax & surcharge
Rebate u/s 87A: A resident individual (whose net income does not exceed Rs.3,50,000) can avail rebate under section 87A. It is deductible from income-tax before calculating seduction cess. The amount of rebate is 100% of income tax or Rs.2,500 whichever is less.

Recommended: Check Income Tax Calculator A.Y. 2018-19


Check Income Tax Slab for Others

Partnership Firms & LLPs
Companies
Capital Gains Taxes
TDS Rates
TCS Rates
Australia
DON’T MISS OUT!
Subscribe To Newsletter
Be the first to get latest updates and exclusive content straight to your email inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.

Related Information

45 thoughts on “Income Tax Slab A.Y.2018-19

  1. I’m leaving in bengalore house rent 10k salary is 25 thousand TDS 2000 per month this is good for government

  2. INCOME TAX BHI BAHUTH HAI, GST BHI BAHUTH HAI. KAISA JEEVAN KAREGA, ALL LIVING THINGS HAVE SHOOT UP MORE THAN INCOME TAX SLAB PER MONTH. HOUSING RENT HAVE SHOOT UP, HOUSING SITES COST HAVE SHOOT UP, FARM LAND PLOTS COST HAVE SHOOT UP. WHAT TO BUY AND WHAT TO CONSTRUCT TO LIVE. PLEASE REVISE STARTING INCOME TAX SLAB MUST BE FROM 5,00,000 FOR BELOW 60 YEARS, 7.50 LACS FOR SENIOR ABOVE 60 AND 10.00 LAC FOR VERY SENIOR CITIZEN AND REST UPWARDS. PLEASE REVISE HON’BLE MANTRIJI IN NEXT BUDGET TO ENJOY THE FRUIT OF LIVING FOR PEACEFUL LIFE.

  3. Upper-division (3000-4000 level) Michigan Tech course transfers require prior written approval from the suitable department.

  4. Senior citizens with their savings to live in future find difficult with taxation proposal not changing slabs.now a days by paying rental residence, Rs1000/-p.mfor medical expenses+doc. Consultations
    hence forth food expenses Rs56/- a k.g of rice , dhall Rs129/- ,cooking oil Rs 91/- per liter and LPG Rs 700/- milk 50/-,per litre. Provision on an average Rs 200/- per kg., life becomes miserable to live in India with old age husband/wife.
    Taxation in India has to be taught revised. Proportionately. With living conditions

  5. Sir kindly send me the income tax slab for multi-state housing co-op society for AY 2015-16 & 2016-17.
    Sir is there any change in taxation slabs of current account of my co-op society as compare to any saving account?
    If any amount go through my saving account to co-op society current account then may I have to pay taxes on my both accounts? Kindly reply me.

  6. For senior citizens in blue colour it indicates for RS three to five lacs , there will be no tax is it ok.
    I doubted plz rectify the same.

  7. Pl correct the error in the coloured table for senior citizens below 80 years the second stage upto 5 laks attracts 10% pl verify

  8. salary+ interest less standard deduction = comes under slab or without standard deduction comes under slab

  9. when referring to “Slabs of Income”, in the Table of Income tax to be paid, it would have been extremely helpful if you had clarified that the Slabs referred to “Net Income” slabs and not “Gross Income”

  10. It is very good ready recker for all type of people. But some people asked small clarification, If you clarify it would be nice.

  11. had a doubt..
    i am an individual and wish to do some business online and i open it with my individual bank account!
    so my question is will i be taxed for entire turnover amount of my business?
    ex:- i own a data entry site! so i get money from clints and advertisers and pay for my users!
    lets say i get 10 lacks from clints and i pay 6 lacks for members as there remuneration! so will i need to pay tax for entire 10 lacks?
    if so how much percentage???

    • no way
      income recd from client is ur gross totall income
      income tax applicable on net income from bussiness (gross totall income- operating expences )

  12. I would like to know the Tax rates for A.O.P. for the F. Y. 2013-14 and 2014-15.

    I would also like to know if i have a interest income in A. O. P. say about Rs. 75,000 then if i have paid the salary for accounting charges like Rs. 20,000 , then net income will be Rs. 55,000
    So my question is how the income tax calculate on this for the above two Financial Years.

    I hope you will help me out to understand.
    Thanks

    • if interest income is ur hand so taxable in ur income.
      if the interest recd from aop it will also show as well as income less : expences(accountancy charges-cheque/draft payment)

  13. Dear Sir,
    My salary is Rs 320000/- p.a, my savings under 80 c is Rs 1 lakh, i get Rs 50000/- p.a as interest from Rs 5 lakhs fixed deposit kept in bank,
    ‘ does iam eligible to give Form 15G to the bank to get exemption of tds for Rs 5 lakhs fixed deposit a/c , as my taxable limit crosses Rs 2 lakhs’
    kindly advice me, sir
    thank u..

    • 15G ONLY GIVEN IF UR TOTALL INCOME NOT EXCEEDING RS. 2.20LAC AY2014-15.
      IF U WANT TO SAVE OUR TAX U CAN DERIVE OUR INCOME FROM INTEREST AS WELL AS YOUR WIFE INCOME / SON INCOME
      FOR 2014-15 U CAN ALSO CLAIMED (2LAC+.20 REBATE+1LAC UNDER 80C)
      ANY QUERY MAIL ME amrishrbl@gmail.com

  14. tax credit of Rs.2000/- maximum for below Rs.5,00,000/- is applicable for A.Y.2015-16 kindly confirm.

  15. this is a few details
    please give 2-4 example
    how you calculate total
    income than rebate u/s
    last total income & total tax
    payble or refundeble

    • you can get rebarte under sec.80c of rs 150000 in which include lic,ppf,tution fees,insurance of any bank,tax saving fdr,repayment of loan.and your saving bank interest also exempt under section 80TTA.Without this you can claim mediclaim u/s 80 D and donation also u/s 80 G.

  16. My annual income is 8 lacs , and my tax is coming to 96000/- approx. can u please tell me how to save maximum of this . some thing like 100% tax saving, if any.

  17. aprt from 80c, any other option to save tax, who is earning above 10 lakhs, please let me know, it would be great help!

    • You also donate to any NGO. Under section 80G for 50%, Under Section 35AC for 125% and 351&2 and 35 1&3 for 175%

Leave a Comment

DON’T MISS OUT!
Subscribe To Newsletter
Be the first to get latest updates and exclusive content straight to your email inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
close-link