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Rates of Income Tax

Individual, HUF, AOP & BOI Resident Individual (60 to 80 Years) Resident Individual (More than 80 years)
Particulars Rate Particulars Rate Particulars Rate
0 to 250,000 Nil 0 to 300,000 Nil 0 to 500,000 Nil
250,001 to 500,000 5% 300,001 to 500,000 5% 500,001 to 1,000,000 20%
500,001 to 1,000,000 20% 500,001 to 1,000,000 20% 1,000,001 to 5,000,000 30%
1,000,001 to 5,000,000 30% 1,000,001 to 5,000,000 30% 5,000,001 to 10,000,000 33%
5,000,001 to 10,000,000 33% 5,000,001 to 10,000,000 33% 10,000,001 and Above 34.50%
10,000,001 and Above 34.50% 10,000,001 and Above 34.50%    
Co-operative Society Domestic Company* Partnership Firm & Local Authority
Particulars Rate Particulars Rate Particulars Rate
0 to 10,000 10% 0 to 10,000,000 30% 0 to 10,000,000 30%
10,001 to 20,000 20% 10,000,001 to 100,000,000 32.10% 10,000,001 and Above 33.60%
20,001 to 10,000,000 30% 100,000,001 and Above 33.60%  
10,000,001 and Above 33.60%        
*Tax rate for domestic company will be 25% if turnover of the company is less than ` 50 crores in the F.Y 2015-2016