Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Individuals (Other than senior and super senior citizen)

Net Income Range

Rate of Income-tax

Up to Rs. 2,50,000

Nil

Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Individuals (Other than senior and super senior citizen)

Net Income Range

Rate of Income-tax

Rs. 2,50,000  to  Rs. 5,00,000

5%

Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Individuals (Other than senior and super senior citizen)

Net Income Range

Rate of Income-tax

Rs. 5,00,000  to  Rs. 10,00,000

20%

Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Individuals (Other than senior and super senior citizen)

Net Income Range

Rate of Income-tax

Above  Rs. 10,00,000

30%

Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Senior Citizen (who is 60 years or more at any time during the previous year)

Net Income Range

Rate of Income-tax

Up to  Rs. 3,00,000

Nil

Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Senior Citizen (who is 60 years or more at any time during the previous year)

Net Income Range

Rate of Income-tax

Rs. 3,00,000  to  Rs. 5,00,000

5%

Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Senior Citizen (who is 60 years or more at any time during the previous year)

Net Income Range

Rate of Income-tax

Rs. 5,00,000  to  Rs. 10,00,000

20%

Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Senior Citizen (who is 60 years or more at any time during the previous year)

Net Income Range

Rate of Income-tax

Above  Rs. 10,00,000

30%

Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Super Senior Citizen (who is 80 years or more at any time during the previous year)

Net Income Range

Rate of Income-tax

Up to  Rs. 5,00,000

Nil

Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Super Senior Citizen (who is 80 years or more at any time during the previous year)

Net Income Range

Rate of Income-tax

Rs. 5,00,000  to  Rs. 10,00,000

20%

Income Tax Rates for 

Financial Year 2022-23 / AY 2023-24

Super Senior Citizen (who is 80 years or more at any time during the previous year)

Net Income Range

Rate of Income-tax

Above    Rs. 10,00,000

30%