Old Tax Regime
New Tax Regime u/s 115BAC
Income Tax Slab
Income Tax Rate
Up to ₹ 2,50,000
Nil
Up to ₹ 3,00,000
₹ 2,50,001 - ₹ 5,00,000
5% above ₹ 2,50,000
₹ 3,00,001 - ₹ 6,00,000
5% above ₹ 3,00,000
₹ 5,00,001 - ₹ 10,00,000
₹ 12,500 + 20% above ₹ 5,00,000
₹ 6,00,001 - ₹ 9,00,000
₹ 15,000 + 10% above ₹ 6,00,000
Above ₹ 10,00,000
₹ 1,12,500 + 30% above ₹ 10,00,000
₹ 9,00,001 - ₹ 12,00,000
₹ 45,000 + 15% above ₹ 9,00,000
₹ 12,00,001 - ₹ 15,00,000
₹ 90,000 + 20% above ₹ 12,00,000
Above ₹ 15,00,000
₹ 1,50,000 + 30% above ₹ 15,00,000
₹ 3,00,001 - ₹ 5,00,000
₹ 10,000 + 20% above ₹ 5,00,000
₹ 1,10,000 + 30% above ₹ 10,00,000
Up to ₹ 5,00,000
20% above ₹ 5,00,000
₹ 1,00,000 + 30% above ₹ 10,00,000
Taxable income
Tax Rate(Existing Scheme)
Tax Rate(New Scheme)
Up to Rs. 2,50,000
Rs. 2,50,001 to Rs. 5,00,000
5%
Rs. 5,00,001 to Rs. 7,50,000
20%
10%
Rs. 7,50,001 to Rs. 10,00,000
15%
Rs. 10,00,001 to Rs. 12,50,000
30%
Rs. 12,50,001 to Rs. 15,00,000
25%
Above Rs. 15,00,000
Rs. 2,50,001 to Rs. 3,00,000
Rs. 3,00,001 to Rs. 5,00,000
Taxable Income
Surcharge (%)
Total income above Rs.50 Lakh but below Rs. 1 Crore
Total income above Rs.1 Crore but below :
Rs. 2 Crore
Total income above Rs.2 Crore but below 5 Crore
Total income above Rs.5 Crore
37%