Salaried Individuals
| Annual Taxable Income | Tax Rate | Tax Formula |
|---|---|---|
| Up to Rs.600,000 | 0% | No tax |
| 600,001 – 1,200,000 | 2.5% | (Income - 600,000) × 2.5% |
| 1,200,001 – 2,400,000 | 12.5% | 15,000 + (Income - 1,200,000) × 12.5% |
| 2,400,001 – 3,600,000 | 20% | 165,000 + (Income - 2,400,000) × 20% |
| 3,600,001 – 6,000,000 | 25% | 405,000 + (Income - 3,600,000) × 25% |
| 6,000,001 – 12,000,000 | 32.5% | 1,005,000 + (Income - 6,000,000) × 32.5% |
| Above 12,000,000 | 35% | 2,955,000 + (Income - 12,000,000) × 35% |