RATES OF INCOME-TAX AS PER FINANCE ACT, 2017:
As
per the Finance Act, 2017, income-tax is required to be deducted under
Section 192 of the Act from income chargeable under the head "Salaries" for the financial year 2017-18 (i.e. Assessment Year 2018-19) at the following rates:
2.1 Rates of tax
A. Normal Rates of tax:
SI.NoTotal IncomeRate of tax
1Where the total income does not exceed Rs. 2,50,000/-.Nil
2Where...