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INCOME TAX SLAB RATES FOR A.Y: 2019-20/F.

Y: 2018-19

INDIVIDUALS
[ NORMAL RATES]
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TOTAL INCOME RATE OF TAX
WHERE THE TOTAL INCOME DOES NOT EXCEED
NIL
RS. 2.5 LAKHS
WHERE THE TOTAL INCOME EXCEEDS 5 % OF THE AMOUNT BY WHICH THE TOTAL
RS. 2.5 LAKHS BUT DOES NOT EXCEED RS. 5 LAKHS INCOME EXCEEDS RS. 2.5 LAKHS
RS. 12,500/- PLUS 20 % OF THE
WHERE THE TOTAL INCOME EXCEEDS
AMOUNT BY WHICH THE TOTAL INCOME
RS. 5 LAKHS BUT DOES NOT EXCEED RS. 10 LAKHS
EXCEEDS RS. 5 LAKHS
RS. 1,12,500/- PLUS 30 % OF THE
WHERE THE TOTAL INCOME EXCEEDS RS. 10 LAKHS AMOUNT BY WHICH THE TOTAL INCOME
EXCEEDS RS. 10 LAKHS

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INCOME TAX SLAB RATES FOR A.Y: 2019-20/F.Y: 2018-19

INDIVIDUALS
SENIOR CITIZEN
[RESIDENT INDIVIDUAL OF 60 YEARS TILL 79 YEARS]
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TOTAL INCOME RATE OF TAX
WHERE THE TOTAL INCOME DOES NOT EXCEED
NIL
RS. 3 LAKHS
WHERE THE TOTAL INCOME EXCEEDS 5 % OF THE AMOUNT BY WHICH THE TOTAL
RS. 3 LAKHS BUT DOES NOT EXCEED RS. 5 LAKHS INCOME EXCEEDS RS. 3 LAKHS
WHERE THE TOTAL INCOME EXCEEDS RS. 10,000/- PLUS 20 % OF THE AMOUNT BY
RS. 5 LAKHS BUT DOES NOT EXCEED RS. 10 LAKHS WHICH THE TOTAL INCOME EXCEEDS RS. 5 LAKHS
RS. 1,10,000/- PLUS 30 % OF THE AMOUNT
WHERE THE TOTAL INCOME EXCEEDS RS. 10 LAKHS BY WHICH THE TOTAL INCOME EXCEEDS RS. 10
LAKHS

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INCOME TAX SLAB RATES FOR A.Y: 2019-20/F.Y: 2018-19

INDIVIDUALS
SUPER SENIOR CITIZEN
[RESIDENT INDIVIDUAL OF 80 YEARS AND ABOVE]
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TOTAL INCOME RATE OF TAX


WHERE THE TOTAL INCOME DOES NOT EXCEED
NIL
RS. 5 LAKHS
WHERE THE TOTAL INCOME EXCEEDS 20 % OF THE AMOUNT BY WHICH THE TOTAL
RS. 5 LAKHS BUT DOES NOT EXCEED RS. 10 LAKHS INCOME EXCEEDS RS. 5 LAKHS
RS. 1,00,000/- PLUS 30 % OF THE AMOUNT
WHERE THE TOTAL INCOME EXCEEDS
BY WHICH THE TOTAL INCOME EXCEEDS RS. 10
RS. 10 LAKHS
LAKHS

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