Hi Friends! Recently government had announced Budget for year 2017 in which income tax slab rate which is most important for a common person is announced. 1) Income Tax Slab Rate for Individuals and HUF: For Income Upto Rs.250000 Tax rate is Nil For Income above Rs.250000 but upto Rs.500000 Tax rate is 5% For Income above Rs.500000 but upto Rs.1000000 Tax rate is 20% For Income above Rs.1000000 tax rate is 30% 2)  Income Tax Slab Rate for Senior Citizens upto 60 Years of age For Income Upto Rs.300000 Tax rate is Nil For Income above Rs.300000 but upto Rs.500000 Tax rate is 5% For Income above Rs.500000 but upto Rs.1000000 Tax rate is 20% For Income above Rs.1000000 tax rate is 30% 3)  Income Tax Slab Rate for Super Senior Citizens more than 60 Years of age For Income Upto Rs.500000 Tax rate is Nil For Income above Rs.500000 but upto Rs.1000000 Tax rate is 20% For Income above Rs.1000000 tax rate is 30% Watch video here (click here to watch:  https://y...