Three slab rates of AY 21-22 for computation of tax | CA inter | CS Exec...

Any individual resdent or non resident is required to pay tax.
Upto Rs. 2,50,000 Tax is Nil
Exceeds Rs. 2,50,000 but upto Rs. 5,00,000 | 5%
Exceeds Rs. 5,00,000 but upto Rs. 10,00,000 | 20%
Exceeds Rs. 10,00,000 | 30%

Where individual is resident aged atleast 60 years in the relevant PY then following slab rate is applicable
Upto Rs. 3,00,000 Tax is Nil
Exceeds Rs. 3,00,000 but upto Rs. 5,00,000 | 5%
Exceeds Rs. 5,00,000 but upto Rs. 10,00,000 | 20%
Exceeds Rs. 10,00,000 | 30%

Where individual is resident aged atleast 80 years in the relevant PY then following slab rate is applicable
Upto Rs. 5,00,000 Tax is Nil
Exceeds Rs. 5,00,000 but upto Rs. 10,00,000 | 20%
Exceeds Rs. 10,00,000 | 30%