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Income Tax - Slabwise - Calculation2017-18

The document shows taxable income amounts and the corresponding gross income tax, rebate under section 87A, education cess, and total tax payable for various income levels. It indicates that for income up to Rs. 250,000, no tax is payable. Between Rs. 250,000-Rs. 500,000, tax ranges from Rs. 1 to Rs. 25,000 depending on exact income amount. Above Rs. 500,000, tax amounts range from Rs. 25,000 to several millions depending on income level.

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37 views2 pages

Income Tax - Slabwise - Calculation2017-18

The document shows taxable income amounts and the corresponding gross income tax, rebate under section 87A, education cess, and total tax payable for various income levels. It indicates that for income up to Rs. 250,000, no tax is payable. Between Rs. 250,000-Rs. 500,000, tax ranges from Rs. 1 to Rs. 25,000 depending on exact income amount. Above Rs. 500,000, tax amounts range from Rs. 25,000 to several millions depending on income level.

Uploaded by

kiranair4
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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Taxable Gross Rebate u/s 87A

Income Income Tax Applicable Allowed


250,000 - 5,000 -
250,010 1 5,000 1
250,010 1 5,000 1
465,000 21,500 2,750 2,750
500,000 25,000 5,000 5,000
500,000 25,000 25,000 25,000
500,000 25,000 33,000 25,000
525,000 30,000 5,000 -
525,000 30,000 25,000 -
525,000 30,000 28,000 -
525,000 30,000 5,000 -
1,000,000 125,000 5,000 -
1,200,000 185,000 5,000 -
1,500,000 275,000 5,000 -
2,000,000 425,000 5,000 -
10,000,000 2,825,000 5,000 -
12,500,000 3,575,000 5,000 -
15,000,000 4,325,000 5,000 -

533,760 31,752 5,000 -


533,760 31,752 5,000 -
Roundup to tens
Net Edu. Sur- Total
Income Tax Cess Charge Tax Payable
- - - -
- - - -
- - - -
18,750 563 - 19,320
20,000 600 - 20,600
- - - -
- - - -
30,000 900 - 30,900
30,000 900 - 30,900
30,000 900 - 30,900
30,000 900 - 30,900
125,000 3,750 - 128,750
185,000 5,550 - 190,550
275,000 8,250 - 283,250
425,000 12,750 - 437,750
2,825,000 84,750 - 2,909,750
3,575,000 107,250 536,250 4,218,500
4,325,000 129,750 648,750 5,103,500

31,752 953 - 32,710


31,752 953 - 32,710

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