Total Income - Tax Rate Up to 12,00,000 - Nil If ur income exceeds 12 lakh than tax will be levied as below :- 4,00,001 to 8,00,000 - 5% 8,00,001 to 12,00,000 - 10% 12,00,001 to 16,00,000 - 15% 16,00,001 to 20,00,000 - 20% 20,00,001 to 24,00,000 - 25% Above 24,00,000 - 30%