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The rate of income tax applicable to each individual will be determined by the income earned by him/her. Income tax slabs help in identifying how much tax each individual has to pay. The higher the annual income earned by an individual, the higher the tax rate applicable to him/her.<br><br>https://www.bankbazaar.com/tax/income-tax-slabs.html<br>
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The rate of income tax applicable to each individual will be determined by the income earned by him/her. • Income tax slabs help in identifying how much tax each individual has to pay. • The higher the annual income earned by an individual, the higher the tax rate applicable to him/her.
Income tax slab for individuals who are under 60 years of age:
Income tax slab for individuals between 60 and 80 years of age:
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