Income Tax Slab

FY 2022-23

Income Tax slab in FY 2022-23 for Individuals

INDIVIDUAL ( Below 60 years )

NET INCOME RANGE OLD REGIME TAX RATE NEW REGIME TAX RATE
Up to INR 2.5 lakh Nil Nil
INR 2.5 lakh to INR 5 lakh 5% (tax rebate u/s 87A is available) 5% (tax rebate u/s 87A is available)
INR 5 lakh to INR 7.5 lakh 20% 10%
INR 7.5 lakh to INR 10 lakh 20% 15%
INR 10 lakh to INR 12.5 lakh 30% 20%
INR 12.5 lakh to INR 15 lakh 30% 25%
Above INR 15 lakh 30% 30%
   

Income Tax slab in FY 2022-23 for senior Citizens

SENIOR CITIZENS ( Above 60 to 80 years )

NET INCOME RANGE OLD REGIME TAX RATE NEW REGIME TAX RATE
INR 2.5 lakh to INR 3 lakh Nil 5%
INR 3 lakh to INR 5 lakh 5% (tax rebate u/s 87A is available) 5% (tax rebate u/s 87A is available)
INR 5 lakh to INR 7.5 lakh 20% 10%
INR 7.5 lakh to INR 10 lakh 20% 15%
INR 10 lakh to INR 12.5 lakh 30% 20%
INR 12.5 lakh to INR 15 lakh 30% 25%
Above INR 15 lakh 30% 30%
   

Income Tax slab in FY 2022-23 for Super Senior Citizens

SENIOR CITIZENS ( Above 80 years and above )

NET INCOME RANGE OLD REGIME TAX RATE NEW REGIME TAX RATE
Up to INR 2.5 lakh Nil Nil
INR 2.5 lakh to INR 5 lakh Nil 5%
INR 5 lakh to INR 7.5 lakh 20% 10%
INR 7.5 lakh to INR 10 lakh 20% 15%
INR 10 lakh to INR 12.5 lakh 30% 20%
INR 12.5 lakh to INR 15 lakh 30% 25%
Above INR 15 lakh 30%