Income Tax Slab Rate
for Senior Citizens (60 years or above) For 2016-17
|
Taxable income
|
Tax Rate
|
|
Up to Rs. 3,00,000
|
Nil
|
|
Rs. 3,00,000 to Rs.
5,00,000
|
10%
|
|
Rs. 5,00,000 to Rs.
10,00,000
|
20%
|
|
Above Rs. 10,00,000
|
30%
|
|
12% surcharge above
the income of Rs 1 Crore/. 3% education cess on
Income tax plus surcharge (if any)
|
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