FY 2021-22 Salary (New Tax Regime)
| New Tax Slab For Individuals (Men, Women,Senior Citizen & Super Senior Citizen) as per Section 115BAC of Income Tax Act-1961 | Total Income(Rs.) | Tax Rate (%) | Upto Rs. 2,50,000* | Nil |
|---|---|
| 2,50,001 to 5,00,000 | 5 |
| 5,00,001 to 7,50,000 | 10 |
| 7,50,001 to 10,00,000 | 15 |
| 10,00,001 to 12,50,000 | 20 |
| 12,50,001 to 15,00,000 | 25 |
| Above Rs. 15,00,000 | 30 |
| Notes:- 1. Education cess is applicable @ 4% on income tax 2. Rates of Surcharge :- | |
| Range of Income(Rs.) | Rate (%) |
|---|---|
| Rs. 50 Lakhs to Rs. 1 Crore | 10 |
| Rs. 1 Crore to Rs. 2 Crores | 15 |
| Rs. 2 Crores to Rs. 5 Crores | 25 |
| Exceeding Rs. 5 Crores | 37 |
| 3. Marginal relief may be available | |
| 4. A resident individual (whose net income does not exceed Rs. 5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 12,500, whichever is less. | |
