Fight Against Coronavirus   1. Wash Your Hands Frequently   2. Maintain Social Distancing   3. Avoid Touching Eyes, Nose and Mouth   4. Practice Respiratory Hygiene   5. Stay Informed and Follow Advice given by Your Healthcare Provider   6. If You have Fever, Cough and Difficulty Breathing, seek Medical Care Early             Dial National Helpline Number +91-11-23978046 or 1075

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 SlabIncome Tax Rate
Income upto Rs. 2,50,000Nil
Income between Rs. 2,50,001 - Rs. 500,0005% of Income exceeding Rs. 2,50,000
Income between Rs. 500,001 - Rs. 10,00,00020% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,00030% 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 SlabIncome Tax Rate
Income upto Rs. 3,00,000Nil
Income between Rs. 3,00,001 - Rs. 500,00010% of Income exceeding Rs. 3,00,000
Income between Rs. 500,001 - Rs. 10,00,00020% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,00030% 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 SlabIncome Tax Rate
Income upto Rs. 5,00,000Nil
Income between Rs. 500,001 - Rs. 10,00,00020% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,00030% 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.