Revised Tax slabs In India for FY 17-18 New income tax slabs for year 2017–18 is :- Income slab———————————tax rate Income upto Rs. 3,00,000————no tax Rs. 3,00,000- Rs. 5,00,000————5% Rs. 5,00,000-Rs. 10,00,000————20% Rs. 10,00,000 or more——————30% Rs. 50,00,000———————30% + 10% surcharge Rs. 1 crore—————————30% + 15% surcharge And when total income exceeds Rs. 1 crore there will be a surcharge or 15% of income ...