Income tax slab rates for the financial year 2016-17 (assessment year 2017-18) AND FY 2017-2018 (assessment year 2018-19)

Income tax slab rates for the financial year 2016-17 (assessment year 2017-18)

1. Normal tax rates applicable to a resident individual below the age of 60 years, non-resident individual, resident/non-resident HUF, AOP, BOI, artificial juridical person. 

2. Normal tax rates applicable to a resident individual of the age of 60 years or above at any time during the year but below the age of 80 year 

3. Normal tax rates applicable to a resident individual of the age of 80 years or above at any time during the year 

Proposed income-tax slabs for FY 2017-2018 (assessment year 2018-19) announced in Budget 2017