INCOME TAX SLABS AND RATES FOR FINANCIAL YEAR: 2019-20 FOR BELOW 60YEARS



Income Tax Slab Individuals Below The Age Of 60 Years
Up to Rs.2,50,000 Nil
Rs.2,50,001 to 5,00,000 5%
Rs. 5,00,001 to 10,00,000 Rs.12,500 + 20% of total income exceeding Rs. 5,00,000
Above Rs. 10,00,000 Rs. 1,12,500 + 30% of total income exceeding Rs. 10,00,000


INCOME TAX SLABS AND RATES FOR FINANCIAL YEAR: 2019-20 FOR 60-80 YEARS



Income Tax Slab Individuals Below The Age Of 60 Years
Up to Rs.3,00,000 Nil
Rs 3,00,001 to 5,00,000 5%
Rs. 5,00,001 to 10,00,000 Rs.0,000 + 20% of total income exceeding Rs. 5,00,000
Above Rs. 10,00,000 Rs. 1,10,000 + 30% of total income exceeding Rs. 10,00,000


INCOME TAX SLABS AND RATES FOR FINANCIAL YEAR: 2019-20 FOR ABOVE 80 YEARS



Income Tax Slab Individuals Below The Age Of 60 Years
Up to Rs. 5,00,000 Nil
Rs. 5,00,001 to 10,00,000 20%
Above Rs.10,00,000 Rs. 1,00,000 + 30% of total income exceeding Rs. 10,00,000


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