Saturday, 13 May 2017

Income tax slab rates AY 2017-2018| INCOME TAX calculator soft ware

This article is related to Income tax slab rates AY 2017-2018 and income tax calculator for AY 2017-18, income tax slab for AY 2017-18 for female and income tax slab for ay 2017-18 pdf and 80c deduction for ay 2017-18 for income tax slab for fy 2017-18 pdf income tax calculator for AY 2017-18 and income tax slab for ay 2018-19 Income Tax Slab 2017-18 (AY 2018-19 New Rates CBDT) Income Tax Slabs for the Financial Year 2017-18 Income Tax Slab Rates for 2015-16 & 2016-17 in India


Your income is taxed at income tax rates. Taxes have not changed since fiscal year 2014-15 (evaluation year AY 2015-16). Income tax rates are the same for these three fiscal years - FY 2014-15, 2015-16 and 2016-17.

Income tax rate for the fiscal year 2015-16 (AY 2016-17)
[These rates also apply to fiscal years 2016-17 (AY 2017-18) and 2014-15 (AY 2015-16)

 Income -tax -slab- rates -AY -2017-2018-Income -Tax -calculatar
 Income tax slab rates AY 2017-2018



Income tax slab rates AY 2017-2018|INCOME TAX calculator  soft ware 2017-18 



The tax an Indian pays every year which is relating to Previous year or financial year is calculated on the basis of person gross total income. This tax should be calculated on basis of  the income tax slabs announced by the government every year in the Budget. The annual union budget is normally announced in the month of February. Income tax slab rates for the financial year 2016-17 (assessment year 2017-18) are given below

 Part I: Income tax for individual taxpayers and HUF (under 60) (men and women)



Income tax rates for the AY 2017-2018

Income up to Rs 2,50,000 -No tax deducted form grass total Income
Income from Rs 2,50,001 - Rs 3,00,000 -     5% should be applicable
Income from Rs 3,00,001 - 5,00,000 -         5% applicable
Income greater than Rs 5,00,001- 10,00,000 - 20% is applicalble
Income greater than 1000000                         -30%

Surcharge Surcharge: 15% of income tax, where total income exceeds Rs.1 crore and 10% will be leveied total income exceeds 50 lakhs but below one crore

Cess: 3% on total income tax + supplement.
* Limit of exemption from income tax by FA 2016, is Rs 2,50,000 for individuals and HUF other than those covered in part (II) or (III)

Part II: Tax slab for the elderly (60 years and over but less than 80 years of age) (men and women)


Income tax slab rates for the AY 2017-2018

Income up to Rs 3,00,000 * No tax
Income from Rs 3,00,000 - Rs 5,00,000 5%
Income from Rs 5,00,000 - 10,00,000 20%
Income greater than Rs 10,00,000 30%
Supplement: 12% of income tax, where total income exceeds Rs.1 crore.
Cess: 3% on total income tax + supplement.
* Limit of exemption from income tax by FA 2016, is Rs. 3,00,000 other than those referred to in Parts I or III;

Part III: Tax plate for persons aged over 80 (men and women)

Income tax rate
Income up to Rs 2,50,000 * No tax
Income up to Rs 3,00,000-500000 *No tax
Income from Rs 5,00,001 - 10,00,000- Tax rate is 20%
Income greater than Rs 10,00,000       -30%
Surcharge: 12% of income tax, where total income exceeds Rs.1 crore.
Cess: 3% on total income tax + supplement.
* Limit of exemption from income tax by FA 2016, is Rs. 5,00,000 other than those referred to in Parts I or II,

Also Read:
22 Income tax FAQ Questions|What are the due dates for filing income tax returns?
Income Tax Deductions FY 2016-17- Important Income Tax Exemptions AY 2017-18  
TDS Rate Chart for FY 2016-17 and AY 2017-18| TDS calculator for 2016-17  
 {Updated} Upload TDS returns and download statements on income tax website

How to calculate tax on income tax slips?


This example explains how to apply tax rates to calculate income tax for fiscal year 2015-16 (AY 2016-17).

Rohit has a total taxable income of Rs 8,00,000. This income was calculated by including income from all sources such as salary, rental income and interest income. The deductions provided for in Article 80 have also been reduced. Rohit wants to know his taxes for the financial year 2015-16 (AY 2016-17).

We are working on this article please be wait for some days for details

Income tax rate Tax rate Calculation of tax


Income up to Rs 2,50,000 No tax
Income of Rs 2,50,000 - Rs 5,00,000 10% (Rs 5,00,000 - Rs 2,50,000) Rs 25,000
Income from Rs 5,00,000 - 10,00,000 20% (Rs 8,00,000 - Rs 5,00,000) Rs 60,000
Income greater than Rs 10,00,000 30% nil
Taxes Rs 85,000
Cess 3% Rs 85,000 Rs 2,550

Total tax for the financial year 2015-16 (AY 2016-17) Rs 87 550

** Please note that Kiran is an individual assessor with an income tax exemption of Rs. 2.50,000. For the other assessees mentioned in Tables II and III, the income tax ceiling for the exemption would be Rs.3,00,000 Rs. 5,00,000 accordingly.


The tax an Indian pays every year is calculated on the basis of his/her gross total income. The tax is calculated according to the income tax slabs announced by the government every year in the Budget. The annual union budget is normally announced in the month of February.
Income tax slab rates for the financial year 2016-17 (assessment year 2017-18) are explained very clearly.



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