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Sameer Patel

Stealth • 5m

Financial knowledge Indian Tax slabs Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown: 1. Nil Tax: Annual income up to ₹2.5 lakh for individuals below 60 years. 2. 5% Tax: Income between ₹2.5 lakh to ₹5 lakh. 3. 10% Tax: Income between ₹5 lakh to ₹10 lakh. 4. 15% Tax: Income between ₹10 lakh to ₹12.5 lakh. 5. 20% Tax: Income between ₹12.5 lakh to ₹15 lakh. 6. 25% Tax: Income between ₹15 lakh to ₹20 lakh (with no surcharge). 7. 30% Tax: Income exceeding ₹20 lakh.

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