Budget 2018: Income Tax Slab FY 2018-2019 and Standard Deduction
Key Points:
- No Change in Income Tax Slab Rates in FY 2018-2019 it will be same as earlier Income Tax Slab Rate in FY 2017-2018.
- Standard Deduction introduced
- Cess on Income tax increased by 1%
- Long-term capital gains above Rs 1 lakh on the sale of equity shares and equity oriented mutual funds to be taxed @ 10% without giving the benefit of indexation. However, Capital gains tax for until 31 January 2018 will be grandfathered
इस वीडियो को देखें पूरी जानकारी के लिए की इनकम टैक्स स्लैब रेट FY 2018-2019 में क्या क्या बदलाव किया गया है :
एक बार समझ लेते है की इनकम टैक्स स्लैब रेट FY 2018-2019 में क्या रहने वाला है |
Income Tax Slab for Individual Tax Payers (Less Than 60 Years Age)
| Income Slab | Tax Rate | ||
|---|---|---|---|
| Income up to Rs 2,50,000* | Nil | ||
| Income from Rs 2,50,000 – Rs 5,00,000 | 5% | ||
| Income from Rs 5,00,000 – 10,00,000 | 20% | ||
| Income more than Rs 10,00,000 | 30% | ||
| Surcharge: 10% of income tax, where total income more than Rs.50 lakh up to Rs.1 cr.
15% of income tax, where the total income exceeds Rs.1 cr.
| |||
| Education & Health Cess: 4% on total of income tax + surcharge. | |||
| Standard Deduction : Rs. 40000. | |||
Income Tax Slab for Senior Citizens (60 Yrs age or more but Less than 80 Yrs age)
| Income Slab | Tax Rate | ||
|---|---|---|---|
| Income up to Rs 3,00,000* | Nil | ||
| Income from Rs 3,00,000 – Rs 5,00,000 | 5% | ||
| Income from Rs 5,00,000 – 10,00,000 | 20% | ||
| Income more than Rs 10,00,000 | 30% | ||
| Surcharge: 10% of income tax, where total income more than Rs.50 lakh up to Rs.1 cr.
15% of income tax, where the total income exceeds Rs.1 cr.
| |||
| Education & Health Cess: 4% on total of income tax + surcharge. | |||
| Standard Deduction : Rs. 40000. | |||
Income Tax Slab for Senior Citizens(80 Years age Or More)
| Income Slab | Tax Rate | ||
|---|---|---|---|
| Income up to Rs 5,00,000* | Nil | ||
| Income from Rs 5,00,000 – 10,00,000 | 20% | ||
| Income more than Rs 10,00,000 | 30% | ||
| Surcharge: 10% of income tax, where total income more than Rs.50 lakh up to Rs.1 cr.
15% of income tax, where the total income exceeds Rs.1 cr.
| |||
| Education & Health Cess: 4% on total of income tax + surcharge. | |||
| Standard Deduction : Rs. 40000. | |||
Also if you looking for taking insurance and get rebate under section 80C benefit upto 1,50,000. mail us
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