Income Tax Slab for Financial Year 2021-22

Income Tax Slab New Regime Income Tax Slab Rates for FY 2020-21
(Applicable for All Individuals & HUF)
Rs 0.0 – Rs 2.5 Lakhs NIL
Rs 2.5 lakhs- Rs 3.00 Lakhs 5% (tax rebate u/s 87a is available)
Rs. 3.00 lakhs – Rs 5.00 Lakhs
Rs. 5.00 lakhs- Rs 7.5 Lakhs 10%
Rs 7.5 lakhs – Rs 10.00 Lakhs 15%
Rs 10.00 lakhs – Rs. 12.50 Lakhs 20%
Rs. 12.5 lakhs- Rs. 15.00 Lakhs 25%
> Rs. 15 Lakhs 30%
  • Tax Rebate u/s 80C up to 1.5 Lacs. (LIC Premium, ELSS Mutual Funds, Bank Fixed Deposits, PPF etc)
  • Tax Rebate u/s 80D up to 25,000 for self and 30,000 for Dependent Parents.

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