Income tax slab rates for FY 2021-22 (AY 2022-23)
New tax regime & Old Tax regime
| Income Tax Slab (In Lacs) | Existing Regime Slab Rates for FY 20-21 (AY 21-22) | New Regime Slab Rates for FY 20-21 (AY 21-22) | ||
|---|---|---|---|---|
| Resident Individuals & HUF < 60 years of age & NRIs | Resident Individuals & HUF > 60 to < 80 years | Resident Individuals & HUF > 80 years | Applicable for All Individuals & HUF | |
| Rs 0.0 – Rs 2.5 lakh | NIL | NIL | NIL | NIL |
| Rs 2.5 – Rs 3.00 lakh | 5% (tax rebate of 12,500) | NIL | NIL | 5% (tax rebate uof 12,500) |
| Rs 3.00- Rs 5.00 | 5% (tax rebate of 12,500) | NIL | ||
| Rs 5.00 – Rs 7.5 | 20% | 20% | 20% | 10% |
| Rs 7.5 – Rs 10.00 | 20% | 20% | 20% | 15% |
| Rs 10.00 – Rs 12.50 | 30% | 30% | 30% | 20% |
| Rs 12.5 – Rs 15.00 | 30% | 30% | 30% | 25% |
| > Rs 15 | 30% | 30% | 30% | 30% |