Old Tax Regime for Age < 60 Yrs |
New Tax Regime u/s 115BAC for Age < 60 Yrs |
Income Tax Slab |
Income Tax Rate |
Income Tax Slab |
Income Tax Rate |
Up to ₹ 2,50,000 |
Nil |
Up to ₹ 3,00,000 |
Nil |
₹ 2,50,001 – ₹ 5,00,000 |
5% above ₹ 2,50,000 |
₹ 3,00,001 – ₹ 6,00,000 |
5% above ₹ 3,00,000 |
₹ 5,00,001 – ₹ 10,00,000 |
₹ 12,500 + 20% above ₹ 5,00,000 |
₹ 6,00,001 – ₹ 9,00,000 |
₹ 15,000 + 10% above ₹ 6,00,000 |
Above ₹ 10,00,000 |
₹ 1,12,500 + 30% above ₹ 10,00,000 |
₹ 9,00,001 – ₹ 12,00,000 |
₹ 45,000 + 15% above ₹ 9,00,000 |
|
|
₹ 12,00,001 – ₹ 15,00,000 |
₹ 90,000 + 20% above ₹ 12,00,000 |
|
|
Above ₹ 15,00,000 |
₹ 1,50,000 + 30% above ₹ 15,00,000 |
Old Tax Regime Age (60-80) |
New Tax Regime u/s 115BAC (60-80) |
Income Tax Slab |
Income Tax Rate |
Income Tax Slab |
Income Tax Rate |
Up to ₹ 3,00,000 |
Nil |
Up to ₹ 3,00,000 |
Nil |
₹ 3,00,001 – ₹ 5,00,000 |
5% above ₹ 3,00,000 |
₹ 3,00,001 – ₹ 6,00,000 |
5% above ₹ 3,00,000 |
₹ 5,00,001 – ₹ 10,00,000 |
₹ 10,000 + 20% above ₹ 5,00,000 |
₹ 6,00,001 – ₹ 9,00,000 |
₹ 15,000 + 10% above ₹ 6,00,000 |
Above ₹ 10,00,000 |
₹ 1,10,000 + 30% above ₹ 10,00,000 |
₹ 9,00,001 – ₹ 12,00,000 |
₹ 45,000 + 15% above ₹ 9,00,000 |
|
|
₹ 12,00,001 – ₹ 15,00,000 |
₹ 90,000 + 20% above ₹ 12,00,000 |
|
|
Above ₹ 15,00,000 |
₹ 1,50,000 + 30% above ₹ 15,00,000 |
Old Tax Regime for Age > 80 Yrs |
New Tax Regime u/s 115BAC for Age > 80 Yrs |
Income Tax Slab |
Income Tax Rate |
Income Tax Slab |
Income Tax Rate |
Up to ₹ 5,00,000 |
Nil |
Up to ₹ 3,00,000 |
Nil |
₹ 5,00,001 – ₹ 10,00,000 |
20% above ₹ 5,00,000 |
₹ 3,00,001 – ₹ 6,00,000 |
5% above ₹ 3,00,000 |
Above ₹ 10,00,000 |
₹ 1,00,000 + 30% above ₹ 10,00,000 |
₹ 6,00,001 – ₹ 9,00,000₹ |
₹ 15,000 + 10% above ₹ 6,00,000 |
|
|
₹ 9,00,001 – ₹ 12,00,000 |
₹ 45,000 + 15% above ₹ 9,00,000 |
|
|
₹ 12,00,001 – ₹ 15,00,000 |
₹ 90,000 + 20% above ₹ 12,00,000 |
|
|
Above ₹ 15,00,000 |
₹ 1,50,000 + 30% above ₹ 15,00,000 |