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FY 2019-20 Income Tax Slabs for resident above 80 years of age

Income tax slab

Tax rate

Upto Rs. 5,00,000

Nil

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

20% of (total income minus 5,00,000)

Above Rs. 10,00,000

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

 



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