income tax for residen Natural person for Fiscal year 80/81-2023/24

for Single/ Individual
Income Limit |
Tax Rate |
Up to 5 lakh |
1% |
5 to 7 lakh |
10% |
7
to 10 lakh |
20% |
10
to 20 lakh |
30% |
20
to 50 lakh |
36% |
Above
50 lakh |
39% |
Note:
1% SST not applicable for proprietor Resident |
Income tax rate for Married/ Couple
,
Income
Limit |
Tax Rate |
Up
to 6 lakh |
1% |
6 to 8lakh |
10% |
8
to 11 lakh |
20% |
11
to 20 lakh |
30% |
20
to 50 lakh |
36% |
Above
50 lakh |
39% |
Note:
1% SST not applicable for proprietor Resident |
Income tax Rate for other than Natural person for 80/81
Normal Tax Rate-25%
Increased Rate- Bank-financial institue , Insurance and related organization-30%