1. Tax Rates for an Individuals for the AY 2019-20:
Tax Rates for Individuals
|
||||
Income
|
Rates of Income Tax
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|||
Individual (Age less than 60 Years)
|
Senior Citizen (Age above 60 Years)
|
Super Senior Citizen (Age above 80
Years)
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||
1.
|
Up to Rs. 2,50,000
|
Nil
|
Nil
|
Nil
|
2.
|
Rs. 2,50,000 to Rs. 3,00,000
|
5%
|
Nil
|
Nil
|
3.
|
Rs. 3,00,000 to Rs. 5,00,000
|
5%
|
5%
|
Nil
|
4.
|
Rs. 5,00,000 to Rs. 10,00,000
|
20%
|
20%
|
20%
|
5.
|
Above Rs. 10,00,000
|
30%
|
30%
|
30%
|
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