Your income from salary, business or other income like income from fixed/recurring deposits etc are taxed as per income tax slabs. Budget 2017 has made slight changes to the tax slab rates: Tax reduced from 10% to 5% for Income from Rs 2,50,000 – Rs 5,00,000 Rs 2,500 or 100% rebate in income tax (whichever is

Budget 2015 has made No change in the income tax slab. However it has increased the surcharge from 12% to 15% applicable for income above Rs 1 crore. Income Tax Slabs: There is NO separate tax slab for men and women. Earlier women used to have slight benefit over men in terms of lower taxes!