1
Up to Rs. 600,000
0% — no tax
2
Rs. 600,001 – 1,200,000
1% of amount exceeding Rs. 600,000
3
Rs. 1,200,001 – 2,200,000
Rs. 6,000 + 11% of amount exceeding Rs. 1,200,000
4
Rs. 2,200,001 – 3,200,000
Rs. 116,000 + 23% of amount exceeding Rs. 2,200,000
5
Rs. 3,200,001 – 4,100,000
Rs. 346,000 + 30% of amount exceeding Rs. 3,200,000
6
Above Rs. 4,100,000
Rs. 616,000 + 35% of amount exceeding Rs. 4,100,000
Plus a 9% surcharge on tax payable if annual taxable income exceeds Rs. 10,000,000.