Taxable income
Tax Rate(Existing Scheme)
Tax Rate(New Scheme)
Up to Rs. 2,50,000
Nil
Rs. 2,50,001 to Rs. 5,00,000
5%
Rs. 5,00,001 to Rs. 7,50,000
20%
10%
Rs. 7,50,001 to Rs. 10,00,000
15%
Rs. 10,00,001 to Rs. 12,50,000
30%
Rs. 12,50,001 to Rs. 15,00,000
25%
Above Rs. 15,00,000
Rs. 2,50,001 to Rs. 3,00,000
Rs. 3,00,001 to Rs. 5,00,000
Taxable Income
Surcharge (%)
Total income above Rs.50 Lakh but below Rs. 1 Crore
Total income above Rs.1 Crore but below :
Rs. 2 Crore
Total income above Rs.2 Crore but below 5 Crore
Total income above Rs.5 Crore
37%