Income Tax Slab FY 2018-19 (Assessment Year (AY) 2019-20)

Income Tax Slabs For Individual Tax Payers below 60 years of age (both men & women)

Income Tax Slab	Income Tax Rate
Income upto Rs. 2,50,000	Nil
Income between Rs. 2,50,001 - Rs. 500,000	5% of Income exceeding Rs. 2,50,000
Income between Rs. 500,001 - Rs. 10,00,000	20% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,000	30% of Income exceeding Rs. 10,00,000

Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh
15% of income tax, where total income exceeds Rs.1 crore
Health and Education Cess: 4% on total of income tax + surcharge.

Income Tax Slabs For Senior Citizens (age 60 years or more but less than 80 years) (both men & women)

Income Tax Slab	Income Tax Rate
Income upto Rs. 3,00,000	Nil
Income between Rs. 3,00,001 - Rs. 500,000	10% of Income exceeding Rs. 3,00,000
Income between Rs. 500,001 - Rs. 10,00,000	20% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,000	30% of Income exceeding Rs. 10,00,000

Surcharge:10% of income tax, where total income exceeds Rs.50 lakh
15% of income tax, where total income exceeds Rs.1 crore
Health and Education Cess: 4% on total of income tax + surcharge.

Income Tax Slabs For Super Senior Citizens (age 80 years or more) (both men & women)

Income Tax Slab	Income Tax Rate
Income upto Rs. 5,00,000	Nil
Income between Rs. 500,001 - Rs. 10,00,000	20% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,000	30% of Income exceeding Rs. 10,00,000

Surcharge:10% of income tax, where total income exceeds Rs.50 lakh
15% of income tax, where total income exceeds Rs.1 crore
Health and Education Cess: 4% on total of income tax + surcharge.

Note: A resident individual is entitled for rebate u/s 87A, only if his/ her Total Income is below Rs. 3,50,000. The amount of rebate shall be 100% of income-tax or Rs. 2,500, whichever is less.

FD Vs RD PPF Vs FD EPF VS PPF RD VS PPF