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 |
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 |
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 |
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.
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Upcoming Bank Holidays
2019 April 27 is a bank holiday in Andaman And Nicobar Island due to 4th Saturday Bank Holiday.
2019 May 01 is a bank holiday in Andhra Pradesh due to May Day / Labour Day.
2019 May 01 is a bank holiday in Maharashtra due to Maharashtra Din.
2019 May 07 is a bank holiday in West Bengal due to Rabindranath Tagore Jayanti.
2019 May 11 is a bank holiday in Andaman And Nicobar Island due to 2nd Saturday Bank Holiday.
2019 May 16 is a bank holiday in Sikkim due to Sate Day.
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Highest FD Interest Rates
| Bank Name | Tenure | Interest(p.a.) |
|---|---|---|
| Esaf Small Finance Bank | 12 Months | 8.75% |
| Suryoday Small Finance Bank | 12 Months | 8.50% |
| Utkarsh Small Finance Bank | 12 Months | 8.50% |
| Equitas Small Finance Bank | 12 Months | 8.50% |
| North East Small Finance Bank | 12 Months | 8.50% |
| Ujjivan Small Finance Bank | 12 Months | 8.30% |
| Indusind Bank | 12 Months | 8.00% |
| Rbl Bank | 12 Months | 8.00% |
| Fincare Small Finance Bank Ltd | 12 Months | 8.00% |
| The Nainital Bank | 12 Months | 7.90% |
Senior Citizen FD Interest Rates
| Bank Name | Tenure | Interest(p.a.) |
|---|---|---|
| Esaf Small Finance Bank | 12 Months | 8.75% |
| Suryoday Small Finance Bank | 12 Months | 8.50% |
| Utkarsh Small Finance Bank | 12 Months | 8.50% |
| Equitas Small Finance Bank | 12 Months | 8.50% |
| North East Small Finance Bank | 12 Months | 8.50% |
| Ujjivan Small Finance Bank | 12 Months | 8.30% |
| Indusind Bank | 12 Months | 8.00% |
| Rbl Bank | 12 Months | 8.00% |
| Fincare Small Finance Bank Ltd | 12 Months | 8.00% |
| The Nainital Bank | 12 Months | 7.90% |