Annual Income
Slab Rate

Upto Rs. 2.5 Lakh

Exempt

Rs. 2.5 Lakh to Rs. 5 Lakh

5%

Rs. 5 Lakh to Rs. 7.5 Lakh

10%

Rs. 7.5 Lakh to Rs. 10 Lakh

15%

Rs. 10 Lakh to Rs. 12.5 Lakh

20%

Rs. 12.5 Lakh to Rs. 15 Lakh

25%

More than Rs. 15 lakh

30%

Note* As per the financial bill 2020 for financial year 2020-21.