The normal tax rates applicable to a resident individual will depend on the age of the individual. However, in case of a non-resident individual the tax rates will be same irrespective of his age. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows:
- Resident individual below the age of 60 years. i.e. born on or after 1.4.1957
- Resident individual of the age of 60 years or above at any time during the year but below the age of 80 years. (i.e. born during 1-4-1937 to 31-3-1957)
- Resident individual of the age of 80 years or above at any time during the year. i.e. born before 1.4.1937
- Non-resident individual irrespective of the age.
