Income Tax Rate chart
Income Tax Rate Chart Fy 2022-23 | Ay 2023-24
[As amended by Finance Act, 2022]
Tax Rates
1. In case of an Individual (resident or non-resident) or HUF or Association of Person or
Body of Individual or any other artificial juridical personÂ
Individuals
(Other than senior and super senior citizen)
| Individuals | ||
| (Other than senior and super senior citizen) | ||
| Net Income Range | Rate of Income-tax | |
| Assessment Year 2023-24 | Assessment Year 2022-23 | |
| Up to Rs. 2,50,000 | – | – |
| Rs. 2,50,000 to Rs. 5,00,000 | 5% | 5% |
| Rs. 5,00,000 to Rs. 10,00,000 | 20% | 20% |
| Above Rs. 10,00,000 | 30% | 30% |
| Senior Citizen | ||
| (who is 60 years or more at any time during the previous year) | ||
| Net Income Range | Rate of Income-tax | |
| Assessment Year 2023-24 | Assessment Year 2022-23 | |
| Up to Rs. 3,00,000 | – | – |
| Rs. 3,00,000 to Rs. 5,00,000 | 5% | 5% |
| Rs. 5,00,000 to Rs. 10,00,000 | 20% | 20% |
| Above Rs. 10,00,000 | 30% | 30% |
| Super Senior Citizen | ||
| (who is 80 years or more at any time during the previous year) | ||
| Net Income Range | Rate of Income-tax | |
| Assessment Year 2023-24 | Assessment Year 2022-23 | |
| Up to Rs. 5,00,000 | – | – |
| Rs. 5,00,000 to Rs. 10,00,000 | 20% | 20% |
| Above Rs. 10,00,000 | 30% | 30% |
| Hindu Undivided Family (Including AOP, BOI and Artificial Juridical Person) | ||
| Net Income Range | Rate of Income-tax | |
| Assessment Year 2023-24 | Assessment Year 2022-23 | |
| Up to Rs. 2,50,000 | – | – |
| Rs. 2,50,000 to Rs. 5,00,000 | 5% | 5% |
| Rs. 5,00,000 to Rs. 10,00,000 | 20% | 20% |
| Above Rs. 10,00,000 | 30% | 30% |
Download full pdf = Income Tax Rate chart Ay 2023-24 fy 2022-23