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FY 2019-20 Income Tax Slabs for residents below 60 years of Age

Income Tax Slabs

Tax Rate

Upto Rs. 2,50,000

Nil

Rs. 2,50,001 to Rs. 5,00,000

5% of (total income minus 2,50,000)

Rs. 5,00,001 to Rs. 10,00,000

Rs. 12,500 + 20% of (total income minus 5,00,000)

Above Rs. 10,00,000

Rs. 1,12,500 + 30% of (total income minus 10,00,000)

 

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