Income Tax Slab Rates for Individual 1st April 2019 to 31st March 2020
Income Tax Slab Rates for Individual 1st April 2019 to 31st March 2020
Income Tax Slab Rates for Individual 1st April 2019 to 31st March 2020
A. Income Tax Slab below Age 60 years:
Sr. No. | Income | Tax rate |
1 | Up to ₹ 2,50,000/- Lakhs | Nil |
2 | From ₹ 2,50,001 to ₹ 5,00,000 | 5% on Income above ₹ 2.5 Lakhs + 4% cess on Tax |
3 | From ₹ 5,00,001 to ₹ 10,00,000 | 20% on Income above ₹ 5 Lakhs + ₹ 12,500 + 4% cess on Tax |
4 | Above ₹ 10 Lakhs | 30% on Income above ₹ 10 Lakhs + ₹ 1,12,500 + 4% cess on Tax |
B. 2. Income Tax Slab for the Age between 60-80 years:
Sr. No. | Income | Tax rate |
1 | Up to ₹ 3,00,000/- Lakhs | Nil |
2 | From ₹ 3,00,001 to ₹ 5,00,000 | 5% on Income above ₹ 3 Lakhs + 4% cess on Tax |
3 | From ₹ 5,00,001 to ₹ 10,00,000 | 20% on Income above ₹ 5 Lakhs + ₹ 10,000 + 4% cess on Tax |
4 | Above ₹ 10 Lakhs | 30% on Income above ₹ 10 Lakhs + ₹ 1,10,000 + 4% cess on Tax |
C. Income Tax Slab above Age 80 years:
Sr. No. | Income | Tax rate |
1 | Up to ₹ 5,00,000/- Lakhs | Nil |
2 | From ₹ 5,00,001 to ₹ 10,00,000 | 20% on Income above ₹ 5 Lakhs + 4% cess on Tax |
3 | Above ₹ 10 Lakhs | 30% on Income above ₹ 10 Lakhs + ₹ 1,10,000 + 4% cess on Tax |
Related Posts
See AllA lot of landowners want to build a home on their property. Nevertheless, the landowner can lack the funds and other assets necessary to...
An accurate understanding of how investments operate is essential to effectively split and use your earned income to achieve financial...
Comentarios