• Basic exemption limit: This is the most basic amount that appears to be of income, say INR 2.5 lakhs. This is completely exempt from tax. • Income Tax Slabs o 5% between INR 2.5 lakhs to INR 5 lakhs o 10%, 15%, 20% and so on. The top one is 30% for the highest income brackets. So, for each slab of tax, it is an additive combination: that slab imposes tax on only the part of inco... https://www.fbsedu.in/static/js/main.59b6eaac.js:2:113285