- Webpages
- Documents
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
For NRI Customers
(To Buy a Policy)
-
![Contact Image]()
Call (All Days, Local charges apply)
-
![Contact Image]()
Email ID
-
![Contact Image]()
Whatsapp
(If you're our existing customer)
-
![Contact Image]()
Call (Mon-Sat, 10am-9pm IST, Local Charges Apply)
-
![Contact Image]()
Email ID
For Online Policy Purchase
(New and Ongoing Applications)
-
![Contact Image]()
Call (All Days & Toll free)
-
![Contact Image]()
Schedule a call
-
![Contact Image]()
Whatsapp
-
![Contact Image]()
Give missed call to buy a policy
-
![Contact Image]()
Email
Branch Locator
-
![Contact Image]()
Locate a branch
For Existing Customers
(Issued Policy)
-
![Contact Image]()
Whatsapp
-
![Contact Image]()
Call (Mon to Sat, from 10 am to 7 pm, Call charges apply)
-
![Contact Image]()
Email
Fund Performance Check
-
![Contact Image]()
Call (Missed Call)
Income Tax Slab 2017-18
Table of Content
2. Income Tax Slab Rate Post Budget 2017
3. Income Tax Slab Rate For Men below 60 Years of Age
4. Income Tax Slab Rate For Women below 60 Years of Age
5. Income Tax Slab Rate For Senior Citizens (Age 60 years or more but less than 80 years)
6. Income Tax Slab Rate For Senior Citizens (Age 80 years or more)
7. Income Tax Slab Rate Hindu Undivided Families (HUF)
8. Income Tax Slab Rate Legal Entities Registered as Associations of Persons
9. Income Tax Slab Rate Legal Entities Registered as Bodies of Individuals
13. Income Tax Slab RateCo-operative Societies
14. Comparison Of Income Tax Slabs For FY 2017-18 and FY 2016-17
Income tax slabs* for Financial Year 2017-18 (Assessment Year 17-18)
Latest Income Tax Slab 2020-21
What is Income Tax Slab?
Income tax is that percentage of income paid to the government by the taxpayers for the betterment of the public at large. This income is categorized into different groups on the basis of the amount of income. Each such group is known as a Tax Slab. Tax is charged at different rates on the range of income falling under different income tax slabs.
The Income Tax Act 1961 is the law that governs the provisions for our income tax in India.
The income tax slab rates are usually revised every year during the budget. Various deductions that are allowed to a taxpayer under Section 80C, Section 80D etc.
Income Tax Slab Rate Post Budget 2017
The tax is calculated according to the income tax slabs announced by the government every year in the Budget. The finance minister has announced the changes in the tax slab structure in union budget for 2017.
Following are the income tax slab rates and deductions in India for different categories of tax payers:
Income Tax Slab Rate For Men below 60 Years of Age
Income Tax Slab |
Income Tax Rate |
Education Cess |
Secondary and Higher Education Cess |
Income upto Rs. 2,50,000 |
Nil |
Nil |
Nil |
Income between Rs. 2,50,001 - Rs. 500,000 |
5% of Income exceeding Rs. 2,50,000 |
2% of income tax |
1% of income tax |
Income between Rs. 500,001 - Rs. 10,00,000 |
20% of Income exceeding Rs. 5,00,000 |
2% of income tax |
1% of income tax |
Income above Rs. 10,00,000 |
30% of Income exceeding Rs. 10,00,000 |
2% of income tax |
1% of income tax |
Income Tax Slab Rate For Women below 60 Years of Age
Income Tax Slab |
Income Tax Rate |
Education Cess |
Secondary and Higher Education Cess |
Income upto Rs. 2,50,000 |
Nil |
Nil |
Nil |
Income between Rs. 2,50,001 - Rs. 500,000 |
5% of Income exceeding Rs. 2,50,000 |
2% of income tax |
1% of income tax |
Income between Rs. 500,001 - Rs. 10,00,000 |
20% of Income exceeding Rs. 5,00,000 |
2% of income tax |
1% of income tax |
Income above Rs. 10,00,000 |
30% of Income exceeding Rs. 10,00,000 |
2% of income tax |
1% of income tax |
Income Tax Slab Rate For Senior Citizens (Age 60 years or more but less than 80 years)
Income Tax Slab |
Income Tax Rate |
Education Cess |
Secondary and Higher Education Cess |
Income upto Rs. 3,00,000 |
Nil |
Nil |
Nil |
Income between Rs. 3,00,001 - Rs. 500,000 |
5% of Income exceeding Rs. 3,00,000 |
2% of income tax |
1% of income tax |
Income between Rs. 500,001 - Rs. 10,00,000 |
20% of Income exceeding Rs. 5,00,000 |
2% of income tax |
1% of income tax |
Income above Rs. 10,00,000 |
30% of Income exceeding Rs. 10,00,000 |
2% of income tax |
1% of income tax |
Income Tax Slab Rate For Senior Citizens (Age 80 years or more)
Income Tax Slab |
Income Tax Rate |
Education Cess |
Secondary and Higher Education Cess |
Income upto Rs. 5,00,000 |
Nil |
Nil |
Nil |
Income between Rs. 500,001 - Rs. 10,00,000 |
20% of Income exceeding Rs. 5,00,000 |
2% of income tax |
1% of income tax |
Income above Rs. 10,00,000 |
30% of Income exceeding Rs. 10,00,000 |
2% of income tax |
1% of income tax |
Income Tax Slab Rate Hindu Undivided Families (HUF)
Income Tax Slab |
Income Tax Slab Rate |
Up to Rs.2,50,000 |
Nil |
Rs.2,50,000 to Rs.5,00,000 |
10% Income exceeding Rs. 2,50,000 |
Rs.5,00,000 to Rs.10,00,000 |
20% Income exceeding Rs. 5,00,000 |
Over Rs.10,00,000 |
30% Income exceeding Rs. 10,00,000 |
Income Tax Slab Rate Legal Entities Registered as Associations of Persons
Income Tax Slab |
Income Tax Slab Rate |
Up to Rs.2,50,000 |
Nil |
Rs.2,50,000 to Rs.5,00,000 |
10% Income exceeding Rs. 2,50,000 |
Rs.5,00,000 to Rs.10,00,000 |
20% Income exceeding Rs. 5,00,000 |
Over Rs.10,00,000 |
30% Income exceeding Rs. 10,00,000 |
Income Tax Slab Rate Legal Entities Registered as Bodies of Individuals
Income Tax Slab |
Income Tax Slab Rate |
Up to Rs.2,50,000 |
Nil |
Rs.2,50,000 to Rs.5,00,000 |
10% Income exceeding Rs. 2,50,000 |
Rs.5,00,000 to Rs.10,00,000 |
20% Income exceeding Rs. 5,00,000 |
Over Rs.10,00,000 |
30% Income exceeding Rs. 10,00,000 |
Partnership Firms:
Partnership Firms and LLPs (Limited Liability Partnerships) are to be taxed at the rate of 30%
Local Authorities:
Local Authorities are to be taxed at the rate of 30%.
Domestic Companies:
Domestic Companies are to be taxed at the rate of 30%
Income Tax Slab RateCo-operative Societies
Income Tax Slab |
Income Tax Slab Rate |
Up to Rs.10,000 |
10% Income |
Rs.10,000 to Rs 20,000 |
20% Income exceeding Rs. 10,000 |
Over Rs. 20,000 |
30% Income exceeding Rs. 20,000 |
Also,
Surcharge:
- 2% of the income tax amount (If income is greater than Rs.1,00,00,000/-)
- 5% of the income tax amount. Subject to marginal relief (If income is greater than Rs.10,00,00,000/-)
Education Cess:
2% extra (charged on the amount of income tax + surcharge being paid)
Secondary and Higher Education Cess:
1% extra (charged on the amount of income tax + surcharge being paid)
Comparison Of Income Tax Slabs For FY 2017-18 and FY 2016-17
Income Tax Slab |
Income Tax For FY 2017-18 |
Income Tax For FY 2016-17 |
Income upto Rs. 2,50,000 |
Nil |
Nil |
Income between Rs. 2,50,001 - Rs. 500,000 |
5% of Income exceeding Rs. 2,50,000 |
10% of Income exceeding Rs. 2,50,000 |
Income between Rs. 500,001 - Rs. 10,00,000 |
20% of Income exceeding Rs. 5,00,000 |
20% of Income exceeding Rs. 5,00,000 |
Income above Rs. 10,00,000 |
30% of Income exceeding Rs. 10,00,000 |
30% of Income exceeding Rs. 10,00,000 |
Save tax with HDFC Life's various online insurance products.
Related Articles:
To learn more about the income tax slabs AY 24-25, click here.
Term Plan Articles
Investment Articles
Tax Articles
Retirement Articles
ULIP Articles
Subscribe to get the latest articles directly in your inbox
Health Plans Articles
Child Plans Articles
Popular Calculators
Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
Written By:
Vishal Subharwal
Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.
Reviewed By:
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
Popular Searches
- Term Insurance Calculator
- Investment Plans
- Investment Calculator
- Investment for Beginners
- Best Short Term Investments
- Best Long Term Investments
- 5 year Investment Plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- income tax calculator
- bmi calculator
- compound interest calculator
- income tax slab
- Income Tax Return
- what is term insurance
- Ulip vs SIP
- tax planning for salaried employees
- HRA Calculator
- Annuity From NPS
- Retirement Calculator
- Pension Calculator
- nps vs ppf
- short term investment plans
- safest investment options
- one time investment plans
- types of investments
- best investment options
- best investment options in India
- Term Insurance for Housewife
- Money Back Policy
- 1 Crore Term Insurance
- life Insurance policy
- NPS Calculator
- Savings Calculator
- life Insurance
- Gratuity Calculator
- Zero Cost Term Insurance
- critical illness insurance
- itc claim
- deductions under 80C
- deductions under 80D
- Whole Life Insurance
- benefits of term insurance