Income Tax Slabs FY 2019-20 (AY 2020-21) for Individuals Below 60 Years
| Net Taxable Income | Tax Slabs FY 2019-20 |
|---|---|
| Up to Rs 2.5 lakhs | - |
| Rs 2,50,001 to Rs 5 lakhs | 5% |
| Rs 5,00,001 to Rs 10 lakhs | 20% |
| Above Rs 10 lakhs | 30% |
Income Tax Slabs FY 2019-20 (AY 2020-21) for Senior Citizen
[Between 60 to 80 age]| Net Taxable Income | Tax Slabs FY 2019-20 |
|---|---|
| Up to Rs 3 lakhs | - |
| Rs 3,00,001 to Rs 5 lakhs | 5% |
| Rs 5,00,001 to Rs 10 lakhs | 20% |
| Above Rs 10 lakhs | 30% |
Income Tax Slabs FY 2019-20 (AY 2020-21) for Super Senior Citizen
[Above 80 age]| Net Taxable Income | Tax Slabs FY 2019-20 |
|---|---|
| Up to Rs 5 lakhs | - |
| Rs 5,00,001 to Rs 10 lakhs | 20% |
| Above Rs 10 lakhs | 30% |
Health & Education cess @ 4% shall also be paid on the amount of income tax.
Rebate u/s 87-A Individual whose Total Income is not more than Rs. 5,00,000.