Tax slabs
Tax rates for Individual (resident or non-resident) 80 years of age or more anytime during the previous year are as under: Old Tax Regime New Tax Regime u/s 115BAC Income Tax Slab Income Tax Rate Income Tax Slab Income Tax Rate Up to ₹ 5,00,000 Nil Up to ₹ 3,00,000 Nil ₹ 5,00,001 - ₹ 10,00,000 20% above ₹ 5,00,000 ₹ 3,00,001 - ₹ 6,00,000 5% above ₹ 3,00,000 Above ₹ 10,00,000 ₹ 1,00,000 + 30% above ₹ 10,00,000 ₹ 6,00,001 - ₹ 9,00,000₹ ₹ 15,000 + 10% above ₹ 6,00,000 ₹ 9,00,001 - ₹ 12,00,000 ₹ 45,000 + 15% above ₹ 9,00,000 ₹ 12,00,001 - ₹ 15,00,000 ₹ 90,000 + 20% above ₹ 12,00,000