Income Tax Rates/Slabs Rate (%)
for men:
→ Up to 1,80,000 = NIL ,
→ 1,80,001 – 5,00,000 = 10%,
→ 5,00,001 – 8,00,000 = 20%,
→ 8,00,001 upwards = 30%,
Up to 1,90,000 (for resident women)= NIL,
Up to 2,50,000 (for resident individual of 60 years or above)= 0,
Up to 5,00,000 (for very senior citizen of 80 years or above)= 0.
So there will be no tax upto 1.8 lacs and moreover you can save tax on another 1,00,000 if you invest in tax saving instruments like (tax saving mutual funds, PPF,home loan, national saving certificates etc)
so this way u can save tax on max 2,80,000 after that all income is taxable subject to the tax percent brackets.
anyways IT is much bigger topic to discuss but I hope this help...