National Enterprise India

Income Tax Slab Rate Post Budget 2017 Income Tax Slabs* for Financial Year 2017-18 (Assessment Year 17-18)   The tax is calculated in line with the earnings tax slabs introduced via the authorities each 12 months in the price range. The finance minister has introduced the changes in the tax slab structure in union budget for 2017.Following are the earnings tax slab costs and deductions in India for exclusive categories of tax payers:      Income Tax Slab Rate For Men below 60 Years of Age Income Tax Slab Income Tax Rate Education Cess Secondary and Higher Education Cess Income upto Rs. 2,50,000 Nil Nil Nil Income between Rs. 2,50,001 - Rs. 500,000 5% of Income exceeding Rs. 2,50,000 2% of income tax 1% of income tax Income between Rs. 500,001 - Rs. 10,00,000 20% of Income exceeding Rs. 5,00,000 2% of income tax 1% of income tax Income above Rs. 10,00,000 30% of Income exceeding Rs. 10,00,0...