2017 budget tax slabs and tax payable

Check out your tax payable as per 2017 budget and tax slabs

Tax_Slab_2017

 

Standard tax rates for 2017-2018

If your annual salary is up to 250,000 you do not come under tax slabs.

If your annual salary is up to 300,000 you have to pay only 5% tax.

If your annual salary is up to 500,000 you have to pay only 5% tax on taxable salary.

If your annual salary is up to 10, 00,000 you have to pay only 20% tax on taxable salary.

If your annual salary is more than 10, 00,000 you have to pay only 30% tax on taxable salary until you reach 50, 00,000 per annum.

There are tax rates for 2018 financial year, when you file your ITR in the month of March.