Every person has to pay income tax on the total earning in a year, which is charged by the Government of India as an annual fee.
There is zero tax to be paid on income up to Rs 2.5 lakh in a year.
5% of the total income has to be filled on income from 2.5 lakh to 5 lakh rupees in a year.
10% of the total income has to be filled on income from Rs 5 lakh to Rs 7.5 lakh in a year.
In a year, 15% of the total income has to be filled for income between Rs 7.50 lakh to Rs 10 lakh.
In a year, 20% of the total income has to be filled on income ranging from Rs 10 lakh to Rs 12.5 lakh.
In a year, 25% of the total income has to be filled for income between Rs 12.5 lakh and Rs 15 lakh.
For income above Rs 15 lakh in a year, 30% of the total income has to be filled.
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