Individuals or HUF – Income tax rates for the financial year 2022-23/assessment year 2023-24
| Income tax Slab rates for FY 2022-23 / AY 2023-24 | |||
| National Tax Regime | |||
| Income Slab | HUF/ Individuals (Aged below 60 Yrs) |
Senior Citizens (Aged 60 Yrs and above but below 80 Yrs) |
Super Senior Citizens (Aged 80 Yrs and above) |
| Upto Rs 2,50,000 | Nil | Nil | Nil |
| Rs. 2,50,001 to Rs. 3,00,000 | 5% | Nil | Nil |
| Rs. 3,00,001 to Rs. 5,00,000 | 5% | 5% | Nil |
| Rs. 5,00,001 to Rs. 10,00,000 | 20% | 20% | 20% |
| Rs. 10,00,001 and above | 30% | 30% | 30% |
| Alternate Tax Regime (Sec 115BAC) | |||
| Income Slab | HUF/ Individuals | ||
| Upto Rs 2,50,000 | Nil | ||
| Rs. 2,50,001 to Rs. 5,00,000 | 5% (with maximum Tax rebate of Rs. 12,500 u/s 87A | ||
| Rs. 5,00,001 to Rs. 7,50,000 | 10% | ||
| Rs. 7,50,001 to Rs. 10,00,000 | 15% | ||
| Rs. 10,00,001 to Rs. 12,50,000 | 20% | ||
| Rs. 12,50,001 to Rs. 15,00,000 | 25% | ||
| Rs. 15,00,001 and above | 30% | ||
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