Income Tax Slabs for AY 2023-24
Latest income tax slab rates for individuals, firms, LLPs, and companies for Assessment Year 2023-24.
INCOME TAX RATES AY 2022-23/FY 2021-22
Individuals < 60 years
| Category | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,000 – ₹5,00,000 | 5% |
| ₹5,00,000 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
INCOME TAX RATES AY 2022-23/FY 2021-22
Individuals 60–80 years
| Category | Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,000 – ₹5,00,000 | 5% |
| ₹5,00,000 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
INCOME TAX RATES AY 2022-23/FY 2021-22
Individuals 80+ years
| Category | Rate |
|---|---|
| Up to ₹5,00,000 | Nil |
| ₹5,00,000 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
INCOME TAX RATES FOR AY 2019-20/FY 2018-19
FOR PARTNERSHIP, LIMITED LIABILITY PARTNERSHIP (LLP) AND LOCAL AUTHORITY
| Category | Rate |
|---|---|
| Firms, LLP, Local Authority | 30% |
INCOME TAX RATES FOR AY 2022-23/FY 2021-22
FOR DOMESTIC COMPANY AND FOREIGN COMPANY
| Category | Rate |
|---|---|
| Turnover ≤ Rs. 400 crore in FY 2019-20 | 25% |
| Any Other Domestic Company | 30% |