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Income Tax Slabs

Income tax slabs are the income ranges set by the government that determine how much tax you pay based on how much you earn, the more you earn the higher tax rate is applied to that income portion. Unlike a flat tax rate, India follows a progressive tax system where only the income falling within each slab is taxed at that slab's rate. This means if you earn Rs. 12 lakh, you do not pay 10% tax on your Rs. 12 lakh income rather, you pay 0% on the first Rs. 4 lakh, 5% on the next Rs. 4 lakh, and 10% on the remaining Rs. 4 lakh. 

After determining the tax payable or refund due, the next step is filing the Income Tax Return. It is important to choose the right ITR form and understand how to file ITR correctly. Taxpayers should file their ITRs before the specified due dates to avoid late fees and interest. The due date to file ITR for FY 2025-26 (AY 2026-27) is 31st July 2026. 

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

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